Establishing Oil Value for Royalty Due on
Federal Leases,
and on Sale of Federal Royalty Oil
Supplementary Proposed Rule
(62 FR 36030--July 03, 1997) |
Summary:
The Minerals Management Service
(MMS), Royalty Management Program (RMP) is proposing changes to
its recently-issued proposed rule regarding valuation of crude
oil produced from Federal leases. MMS also is reopening the
comment period to receive comments on the originally proposed
rule (62 FR 3741, January 24, 1997), and these additional
changes. These revisions would modify the eligibility
requirements for oil valuation for arm’s-length transactions and
the procedures for collecting oil exchange information. MMS
published a notice of proposed rulemaking on January 24, 1997
(62 FR 3741), to amend its current Federal crude oil valuation
regulations in 30 CFR Part 206. The initial comment period
expired March 25, 1997, and was twice extended to April 28, 1997
(62 FR 7189), and to May 28, 1997 (62 FR 19966).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
are in Adobe
Acrobat's .pdf (portable document file format).