30 CFR § 1207.3 - Contracts made pursuant to new form leases.
---
identifier: "/us/cfr/t30/s1207.3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "30 CFR § 1207.3 - Contracts made pursuant to new form leases."
title_number: 30
title_name: "Mineral Resources"
section_number: "1207.3"
section_name: "Contracts made pursuant to new form leases."
chapter_name: "OFFICE OF NATURAL RESOURCES REVENUE, DEPARTMENT OF THE INTERIOR"
subchapter_number: "A"
subchapter_name: "NATURAL RESOURCES REVENUE"
part_number: "1207"
part_name: "SALES AGREEMENTS OR CONTRACTS GOVERNING THE DISPOSAL OF LEASE PRODUCTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301 ; 25 U.S.C. 396 25 U.S.C. 396a ; 25 U.S.C. 2101 30 U.S.C. 181 30 U.S.C. 351 30 U.S.C. 1001 30 U.S.C. 1701 31 U.S.C. 3716 31 U.S.C. 9701; 43 U.S.C. 1301 43 U.S.C. 1331 and 43 U.S.C. 1801"
regulatory_source: "53 FR 1225, Jan. 15, 1988, unless otherwise noted. Redesignated at 75 FR 61080, Oct. 4, 2010."
cfr_part: "1207"
---
# 1207.3 Contracts made pursuant to new form leases.
On November 29, 1950 (15 FR 8585), a new lease form was adopted (Form 4-1158, 15 FR 8585) containing provisions whereby the lessee agrees that nothing in any contract or other arrangement made for the sale or disposal of oil, gas, natural gasoline, and other products of the leased land, shall be construed as modifying any of the provisions of the lease, including, but not limited to, provisions relating to gas waste, taking royalty-in-kind, and the method of computing royalties due as based on a minimum valuation and in accordance with the oil and gas valuation regulations. A contract or agreement pursuant to a lease containing such provisions may be made without obtaining prior approval of the United States as lessor, but must be retained as provided in § 1207.5 of this subpart.