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Code of Federal Regulations Title 30. Mineral Resources § 30.203.81 What supplemental reports do royalty-relief applications require?

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

(a) You must send us the supplemental reports, indicated in the following table by an X, that apply to your field.Sections 203.83 through 203.91 describe these reports in detail.

Deep water

Required reports

End-of-life lease

Expansion project

Pre-act lease

Development project

(1) Administrative information Report

X

X

X

X

(2) Net revenue & relief justification report

X

(3) Economic viability & relief justification report (RSVP model inputs justified by other required reports)

X

X

X

(4) G&G report

X

X

X

(5) Engineering report

X

X

X

(6) Production report

X

X

X

(7) Deep water cost report

X

X

X

(8) Fabricator's confirmation report

X

X

X

(9) Post-production development report

X

X

X

(b) You must certify that all information in your application, fabricator's confirmation and post-production development reports is accurate, complete, and conforms to the most recent content and presentation guidelines available from the BSEE Regional office for your region.

(c) With your application and post-production development report, you must submit an additional report prepared by an independent CPA that:

(1) Assesses the accuracy of the historical financial information in your report;  and

(2) Certifies that the content and presentation of the financial data and information conform to our most recent guidelines on royalty relief. This means the data and information must:

(i) Include only eligible costs that are incurred during the qualification months;  and

(ii) Be shown in the proper format.

(d) You must identify the people in the CPA firm who prepared the reports referred to in paragraph (c) of this section and make them available to us to respond to questions about the historical financial information. We may also further review your records to support this information.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.203.81 What supplemental reports do royalty-relief applications require? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-203-81/

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