Geothermal Valuation

Abstract:  The Minerals Management Service (MMS) is publishing new regulations to implement the provisions of the Energy Policy Act of 2005 (EPAct) governing the payment of royalty on geothermal resources produced from Federal leases and the payment of direct use fees in lieu of royalties. The EPAct provisions amend the Geothermal Steam Act of 1970 (GSA). The new regulations amend the current MMS geothermal royalty valuation regulations and simplify the royalty calculations for geothermal resources for leases issued under the EPAct and leases whose terms are modified under the EPAct. The new regulations also amend various related provisions in the MMS rules.

• Final Rule - Geothermal Valuation
  (72 FR 24448 May 2, 2007)

• CFR Citation: 30 CFR Parts 202, 206, 210, 217, and 218

• Notice of Proposed Rulemaking (NPR) Comment Period Ends:  09/19/06

• AD32 - Public Comments 

• Public Meeting on Proposed Rules - Geothermal Valuation
  (71 FR 46879 August 15, 2006)

• Proposed Rule - Geothermal Valuation
  (71 FR 41516 July 21, 2006)