Oil and Gas and Sulphur Operations in the Outer Continental Shelf-Relief or Reduction in Royalty Rates-Deep Gas Provisions
oil-gas-leasing · Bureau of Land Management · Published 2004-01-26 · Effective 2004-03-01 · 69 FR 3492
Document
Document number
04-1299
Federal Register citation
69 FR 3492
CFR reference
30 CFR 203
Type
Rule
Action
Final rule.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
2004-01-26
Effective date
2004-03-01
Abstract
This rule provides temporary incentives in the form of royalty suspension volumes for producing gas from certain deep wells (at least 15,000 feet below sea level). The rule also provides a royalty suspension supplement for drilling certain unsuccessful deep wells. The rule also provides price thresholds that may result in discontinuation of the royalty relief.