C.F.R. » Title 43 » CHAPTER II—BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR › SUBCHAPTER C—MINERALS MANAGEMENT (3000) › PART 3500—LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE › Subpart 3515—Mineral Lease Exchanges

43 C.F.R. § 3515.20

May I exchange preference rights?

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Yes. To have a preference right that can be exchanged, you must have timely submitted a preference right lease application. If you have demonstrated a right to a lease, BLM may, in lieu of issuing the preference right lease, negotiate for the selection of appropriate lands to exchange and establish lease terms for those lands.