# 30 C.F.R. § 556.704 (2026): When may BOEM disapprove an assignment or sublease of an interest in my lease?

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_704

## Section

- **Citation:** 30 C.F.R. § 556.704 (2026)
- **Heading:** When may BOEM disapprove an assignment or sublease of an interest in my lease?
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 30 CFR: Mineral Resources / Chapter V: BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR / Part 556: LEASING OF SULFUR OR OIL AND GAS AND FINANCIAL ASSURANCE REQUIREMENTS IN THE OUTER CONTINENTAL SHELF / Subpart G: Transferring All or Part of the Record Title Interest in a Lease / § 556.704: § 556.704   When may BOEM disapprove an assignment or sublease of an interest in my lease?

## Text

(a) BOEM may disapprove an assignment or sublease of all or part of your lease interest(s):
(1) When the transferor, transferee, or sublessee is not in compliance with all applicable regulations and orders, including financial assurance requirements;
(2) When a transferor attempts a transfer that is not acceptable as to form or content (
e.g.,
not on standard form, containing incorrect legal description, not executed by a person authorized to bind the corporation, transferee does not meet the requirements of § 556.401); or
(3) When the transfer does not conform to these regulations, or any other applicable laws or regulations (e.g., departmental debarment rules).
(b) A transfer will be void if it is made pursuant to any prelease agreement that would cause a bid to be disqualified, such as those described in § 556.511(c), (d), or (e).
[81 FR 18152, Mar. 30, 2016, as amended at 89 FR 31593, Apr. 24, 2024]

## Nearby sections

- [30 C.F.R. § 556.700 (2026) § 556.700   May I assign or sublease all or any part of the record title interest in my lease?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_700.md)
- [30 C.F.R. § 556.701 (2026) § 556.701   How do I seek approval of an assignment of the record title interest in my lease, or a severance of operating rights from that record title interest?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_701.md)
- [30 C.F.R. § 556.702 (2026) § 556.702   When will my assignment result in a segregated lease?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_702.md)
- [30 C.F.R. § 556.703 (2026) § 556.703   What is the effect of the approval of the assignment of 100 percent of the record title in a particular aliquot(s) of my lease and of the resulting lease segregation?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_703.md)
- [30 C.F.R. § 556.704 (2026) § 556.704   When may BOEM disapprove an assignment or sublease of an interest in my lease?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_704.md)
- [30 C.F.R. § 556.705 (2026) § 556.705   How do I transfer the interest of a deceased natural person who was a lessee?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_705.md)
- [30 C.F.R. § 556.706 (2026) § 556.706   What if I want to transfer record title interests in more than one lease at the same time, but to different parties?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_706.md)
- [30 C.F.R. § 556.707 (2026) § 556.707   What if I want to transfer different types of lease interests (not only record title interests) in the same lease to different parties?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_707.md)
- [30 C.F.R. § 556.708 (2026) § 556.708   What if I want to transfer my record title interests in more than one lease to the same party?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_708.md)
- [30 C.F.R. § 556.709 (2026) § 556.709   What if I want to transfer my record title interest in one lease to multiple parties?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_709.md)
- [30 C.F.R. § 556.710 (2026) § 556.710   What is the effect of an assignment of a lease on an assignor's liability under the lease?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_710.md)
- [30 C.F.R. § 556.711 (2026) § 556.711   What is the effect of a record title holder's sublease of operating rights on the record title holder's liability?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_711.md)
- [30 C.F.R. § 556.712 (2026) § 556.712   What is the effective date of a transfer?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_712.md)
- [30 C.F.R. § 556.713 (2026) § 556.713   What is the effect of an assignment of a lease on an assignee's liability under the lease?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_713.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T30_P556_S556_704. Check the current official text before relying on it. Not legal advice.