§ 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?

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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 › § 556.707: § 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?

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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You may not transfer different types of lease interests in a lease to different parties using the same instrument. You must submit duplicate, originally executed forms for each transfer, to a different party, of a different type of lease interest. The form used to transfer each type of lease interest must be accompanied by a cover letter executed by one of the parties to the transfer (or an authorized agent thereof) and evidence of payment via

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