GroundRules
30 CFR 560.220: How does royalty suspension apply to leases issued in a sale held after November 2000?
Where this section sits in the code
- Title 30—Mineral Resources
- CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER B—OFFSHORE
- PART 560—OUTER CONTINENTAL SHELF OIL AND GAS LEASING
- Subpart B—Bidding Systems
We may issue leases with suspension of royalties for a period, volume or value of production, as authorized in section 303 of the Act. For purposes of this section and §§ 560.121 through 560.124:
(a) Any volumes of production that are not normally royalty-bearing under the lease or the regulations (e.g., fuel gas) do not count against royalty suspension volumes; and
(b) Production includes volumes allocated to a lease under an approved unit agreement.
Collected 2026-08-27T02:25:24Z. Source file · JSON