Postponement of Effectiveness of the Consolidated Federal Oil & Gas and Federal & Indian Coal Valuation Reform 2017 Valuation Rule
other · US Department of the Interior · Published 2017-02-27 · 82 FR 11823
Document
Document number
2017-03861
Federal Register citation
82 FR 11823
CFR reference
30 CFR 1202
Type
Rule
Action
Notification; postponement of effectiveness.
Category
other
Sub-agency
US Department of the Interior
Publication date
2017-02-27
Interior docket
Docket No. ONRR-2012-0004
Abstract
On July 1, 2016, the Office of Natural Resources Revenue (ONRR) published the Consolidated Federal Oil & Gas and Federal & Indian Coal Valuation Final Rule (2017 Valuation Rule or Rule) in the Federal Register. On December 29, 2016, three separate petitions challenging the 2017 Valuation Rule were filed in the United States District Court for the District of Wyoming. In light of the existence and potential consequences of the pending litigation, ONRR has concluded that justice requires it to postpone the effectiveness of the 2017 Valuation Rule pursuant to 5 U.S.C. 705 of the Administrative Procedure Act, pending judicial review.