GroundRules
30 CFR 203.72: Can my lease receive more than one suspension volume?
Where this section sits in the code
- Title 30—Mineral Resources
- CHAPTER II—BUREAU OF SAFETY AND ENVIRONMENTAL ENFORCEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER A—MINERALS REVENUE MANAGEMENT
- PART 203—RELIEF OR REDUCTION IN ROYALTY RATES
- Subpart B—OCS Oil, Gas, and Sulfur General
Yes. You may apply for royalty relief that involves more than one suspension volume under § 203.62 in two circumstances.
(a) Each field that includes your lease may receive a separate royalty-suspension volume, if it meets the evaluation criteria of § 203.67.
(b) An expansion project on your lease may receive a separate royalty-suspension volume, even if we have already granted a royalty-suspension volume to the field that encompasses the project. But the reserves associated with the project must not have been part of our original determination, and the project must meet the evaluation criteria of § 203.67.
Collected 2026-08-27T02:25:24Z. Source file · JSON