other · US Department of the Interior · Published 2004-05-05 · Effective 2004-07-06 · 69 FR 24959
Document
Document number
04-10083
Federal Register citation
69 FR 24959
CFR reference
30 CFR 206
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of the Interior
Publication date
2004-05-05
Effective date
2004-07-06
Abstract
MMS is amending the existing regulations governing the valuation of crude oil produced from Federal leases for royalty purposes, and related provisions governing the reporting thereof. The current regulations became effective on June 1, 2000. These amendments primarily affect which published market prices are most appropriate to value crude oil not sold at arm's length and what transportation deductions should be allowed.