States' Decisions on Participating in Accounting and Auditing Relief for Federal Oil and Gas Marginal Properties
oil-gas-leasing · Bureau of Land Management · Published 2004-11-26 · Effective 2005-01-01 · 69 FR 68805
Document
Document number
04-26111
Federal Register citation
69 FR 68805
CFR reference
30 CFR 204
Type
Rule
Action
Notice of States' decisions to participate or not participate in accounting and auditing relief for Federal oil and gas marginal properties located in their State for calendar year 2005.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
2004-11-26
Effective date
2005-01-01
Abstract
The Minerals Management Service's (MMS) final regulations providing accounting and auditing relief for marginal Federal oil and gas properties, published on September 13, 2004 (69 FR 55076), require MMS to notify industry of the decisions by States concerned to allow or not to allow one or both forms of relief in their State by publishing the decisions in the Federal Register. As required under the regulation, MMS provided those States that receive a portion of the Federal royalties with a list of qualifying marginal Federal oil and gas properties located in their State so that each affected State could decide whether to participate in one or both relief options. This Notice provides the decisions by the States concerned under the Accounting and Auditing Relief for Marginal Properties rule (rule) to allow one or both types of relief.