Establishing Oil Value for Royalty Due on Federal Leases,
and on Sale of Federal Royalty Oil
Notice of Proposed Rulemaking
(62 FR 3742--January 24, 1997) |
Summary:
This rule will modify the
valuation procedures for both arm's-length and non-arm's-length
crude oil transactions, establish a new MMS form for collecting
value differential data, and amend the valuation procedure for
the sale of federal royalty oil. These changes will decrease
reliance on oil posted prices and assign a value to crude oil
that better reflects market value.
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are in Adobe
Acrobat's .pdf (portable document file format).