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§ 3509.40 What are fractional interest prospecting permits and leases?

43 CFR 3509.40

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  3. Title 43
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  5. Subtitle B
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  7. Chapter II
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  9. Part 3500
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  11. Subpart 3509
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  13. 43 CFR 3509.40
Citation43 CFR 3509.40
CorpusDaily eCFR
Displayed edition2026-06-11
Last updated2026-06-11

§ 3509.40 What are fractional interest prospecting permits and leases?

They are prospecting permits and leases for parcels where the United States holds less than 100 per cent of the mineral interest of the parcel. Fractional interest leases allow development of the shared mineral interests.