States' Decisions on Participating in Accounting and Auditing Relief for Federal Oil and Gas Marginal Properties
oil-gas-leasing · Bureau of Land Management · Published 2005-12-05 · Effective 2006-01-01 · 70 FR 72381
Document
Document number
05-23621
Federal Register citation
70 FR 72381
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 2006.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
2005-12-05
Effective date
2006-01-01
Abstract
The Minerals Management Service (MMS) published final regulations on September 13, 2004 (69 FR 55076), to provide accounting and auditing relief for marginal Federal oil and gas properties. The rule requires MMS to publish in the Federal Register the decisions of the states concerned to allow or not to allow one or both forms of relief in their state. As required in the rule, MMS provided each state receiving a portion of the Federal royalties with a list of qualifying marginal Federal oil and gas properties located in the state so that each affected state could decide whether to participate in one or both relief options. This Notice provides the decisions by the respective states concerned to allow one or both types of relief.