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Code of Federal Regulations Title 30. Mineral Resources § 30.1206.144 How will ONRR determine the value of my gas for royalty purposes?

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

<Section reserved effective Nov. 1, 2021;  see 86 FR 4656, as delayed by 86 FR 9286;  86 FR 20032.>

If ONRR decides to value your gas, residue gas, or gas plant products for royalty purposes under § 1206.143, or any other provision in this subpart, then ONRR will determine the value, for royalty purposes, by considering any information that we deem relevant, which may include, but is not limited to:

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

(b) The value of like-quality residue gas or gas plant products from the same plant or area.

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

(d) Information available or reported to ONRR, including, but not limited to, on form ONRR–2014 and 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 gas.

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 § 30.1206.144 How will ONRR determine the value of my gas for royalty purposes? - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-1206-144/

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