Accounting and Auditing Relief for Marginal Properties
oil-gas-leasing · Bureau of Land Management · Published 2004-09-13 · Effective 2004-09-13 · 69 FR 55076
Document
Document number
04-20560
Federal Register citation
69 FR 55076
CFR reference
30 CFR 204
Type
Rule
Action
Final rule.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
2004-09-13
Effective date
2004-09-13
Abstract
MMS is promulgating new regulations to implement certain provisions in the Federal Oil and Gas Royalty Simplification and Fairness Act of 1996. These regulations explain how lessees and their designees can obtain accounting and auditing relief for production from Federal oil and gas leases and units and communitization agreements that qualify as marginal properties.