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Code of Federal Regulations Title 30. Mineral Resources § 30.1202.101 Standards for reporting and paying royalties

Current as of October 02, 2022 | Updated by FindLaw Staff

Oil volumes are to be reported in barrels of clean oil of 42 standard U.S. gallons (231 cubic inches each) at 60°F. When reporting oil volumes for royalty purposes, corrections must have been made for Basic Sediment and Water (BS&W) and other impurities. Reported American Petroleum Institute (API) oil gravities are to be those determined in accordance with standard industry procedures after correction to 60°F.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.1202.101 Standards for reporting and paying royalties - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-1202-101/

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