# Federal Oil Valuation
> **US Department of the Interior** · Final rule. · Published 2004-05-05 · Effective 2004-07-06 · 69 FR 24959
## Document
- **Document number:** 04-10083
- **Category:** other
- **Sub-agency:** US Department of the Interior
- **Federal Register citation:** 69 FR 24959
- **CFR reference:** 30 CFR 206
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2004/05/05/04-10083/federal-oil-valuation)
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