§ 556.800 As an operating rights owner, may I assign all or part of my operating rights interest?
§ 556.801 How do I seek approval of an assignment of my operating rights?
§ 556.802 When would BOEM disapprove the assignment of all or part of my operating rights interest?
§ 556.803 What if I want to assign operating rights interests in more than one lease at the same time, but to different parties?
§ 556.804 What if I want to assign my operating rights interest in a lease to multiple parties?
§ 556.805 What is the effect of an operating rights owner’s assignment of operating rights on the assignor’s liability?
§ 556.806 What is the effective date of an assignment of operating rights?
§ 556.807 What is the effect of an assignment of operating rights on an assignee’s liability?
§ 556.808 As an operating rights owner, are there any interests I may assign without BOEM approval?
§ 556.810 What must I do with respect to the designation of operator on a lease when a transfer of operating rights ownership is submitted?

Terms Used In CFR > Title 30 > Chapter V > Subchapter B > Part 556 > Subpart H - Transferring All or Part of the Operating Rights in a Lease

  • Dependent: A person dependent for support upon another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.