Relief or Reduction in Royalty Rates-Deep Water Royalty Relief for OCS Oil and Gas Leases Issued After 2000
oil-gas-leasing · Bureau of Land Management · Published 2002-01-15 · Effective 2002-02-14 · 67 FR 1862
Document
Document number
02-438
Federal Register citation
67 FR 1862
CFR reference
30 CFR 203
Type
Rule
Action
Final rule.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
2002-01-15
Effective date
2002-02-14
Abstract
This rule revises regulations on royalty relief for oil and gas producers on the Outer Continental Shelf (OCS). It provides for suspension or reduction of royalty on a case-by-case basis for certain additional categories of OCS leases under part 203 of this title. Also, it identifies circumstances when we may consider royalty relief apart from our end-of-life and deepwater royalty relief (DWRR) programs.