Relief or Reduction in Royalty Rates--Deep Gas Provisions
Completed Action 6/2004 |
MMS-Offshore
Regulatory Identifier Number 1010-AD01 |
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(Interest/affects to MRM)
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Abstract: Declines in outer continental shelf production from existing fields need to be offset by new sources to keep up with growing demand. Very little of the deep gas potential in shallow water areas of the Gulf of Mexico has yet been explored. Extensive infrastructure already exists in shallow water, unlike in deep water, so new production could reach market quickly. Because the most prospective tracts in shallow water are already under lease, most of the deep gas potential in shallow water may already have been acquired. This rule proposes temporary incentives in the form of royalty suspension volumes for deep wells (at least 15,000 feet below significant energy action level) on existing leases that explore for or produce gas.
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Additional Offshore Rule Information |
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Information
Collection
Title: 30 CFR 203, Relief or Reduction in Royalty Rates
68 FR 53387--September 10, 2003
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are in Adobe
Acrobat's .pdf (portable document file format).
