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Code of Federal Regulations Title 30. Mineral Resources § 30.1206.105 How will ONRR determine the value of my oil for royalty purposes?

Current as of January 02, 2025 | Updated by Findlaw Staff

<Section reserved effective Nov. 1, 2021;  see 86 FR 4654, as delayed by 86 FR 9286;  86 FR 20032.>

If ONRR decides that we will value your oil for royalty purposes under § 1206.104, or any other provision in this subpart, then we will determine value, for royalty purposes, by considering any information that we deem relevant, which may include, but is not limited to, the following:

(a) The value of like-quality oil in the same field or nearby fields or areas

(b) The value of like-quality oil from the refinery or area

(c) Public sources of price or market information that ONRR deems reliable

(d) Information available and reported to ONRR, including but not limited to on form ONRR–2014 and the Oil and Gas Operations Report (Form ONRR–4054)

(e) Costs of transportation or processing if ONRR determines that they are applicable

(f) Any information that ONRR deems relevant regarding the particular lease operation or the salability of the oil

1  The reference to September 7, 2017, in this paragraph, should be to September 6, 2017, the published effective date of 81 FR 43338, and the corresponding date of the Court vacation.
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Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.1206.105 How will ONRR determine the value of my oil for royalty purposes? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-1206-105/

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