Oil and Gas Leasing: Onshore Oil and Gas Operations-Fees, Rentals, and Royalty, 60691 [E7-20970]

Download as PDF Federal Register / Vol. 72, No. 206 / Thursday, October 25, 2007 / Notices or other personal identifying information in your comment, you should be aware that your entire comment, including your personal identifying information, may be made publicly available at any time. While you can ask OMB in your comment to withhold your personal identifying information from public review, we cannot guarantee that it will be done. Dated: August 23, 2007. Hope Grey, Information Collection Clearance Officer, Fish and Wildlife Service. FR Doc. E7–21010 Filed 10–24–07; 8:45 am BILLING CODE 4310–55–S DEPARTMENT OF THE INTERIOR Bureau of Land Management [CA–310–0777–XG] Notice of Public Meeting: Northwest California Resource Advisory Council Bureau of Land Management, Interior. ACTION: Notice of public meeting. AGENCY: In accordance with the Federal Land Policy and Management Act of 1976 (FLPMA), and the Federal Advisory Committee Act of 1972 (FACA), the U.S. Department of the Interior, Bureau of Land Management (BLM) Northwest California Resource Advisory Council will meet as indicated below. DATES: The meeting will be held Wednesday and Thursday, Dec. 5 and 6, 2007. On December 5, the council members convene at 9 a.m. in the Abalone Room at the Little River Inn, 7751 Highway 1, Little River, CA. Time for public comment has been set aside for 11 a.m. On May 6, the council convenes at 7:30 a.m. at the Little River Inn and departs for a tour to discuss management of the California Coastal National Monument and the Stornetta Public Lands. Members of the public are welcome on the tour, but they must provide their own transportation and lunch. FOR FURTHER INFORMATION CONTACT: Rich Burns, BLM Ukiah Field Office manager, (707) 468–4000; or BLM Public Affairs Officer Joseph J. Fontana, (530) 252–5332. SUPPLEMENTARY INFORMATION: The 12member council advises the Secretary of the Interior, through the BLM, on a variety of planning and management issues associated with public land management in Northwest California. At this meeting, agenda topics include an update on management proposals for mstockstill on PROD1PC66 with NOTICES SUMMARY: VerDate Aug<31>2005 17:26 Oct 24, 2007 Jkt 214001 the Sacramento River Bend, a discussion of funding needs for BLM’s northern California projects, status reports on management plan development for Lacks Creek and the Cow Mountain National Recreation Area and a report on legislation affecting the California off highway vehicle recreation program. Members will also hear status reports on activities in the Arcata, Redding and Ukiah field offices and the California Coastal National Monument. All meetings are open to the public. Members of the public may present written comments to the council. Each formal council meeting will have time allocated for public comments. Depending on the number of persons wishing to speak, and the time available, the time for individual comments may be limited. Members of the public are welcome on field tours, but they must provide their own transportation and lunch. Individuals who plan to attend and need special assistance, such as sign language interpretation and other reasonable accommodations, should contact the BLM as provided above. Dated: October 19, 2007. Joseph J. Fontana, Public Affairs Officer. [FR Doc. 07–5280 Filed 10–24–07; 8:45 am] BILLING CODE 4310–40–P DEPARTMENT OF THE INTERIOR Bureau of Land Management [WO–310–1310–PP–24 1A] Oil and Gas Leasing: Onshore Oil and Gas Operations—Fees, Rentals, and Royalty Bureau of Land Management, Interior. ACTION: Notification to terminate the heavy oil royalty reductions program. AGENCY: SUMMARY: The Bureau of Land Management (BLM) is providing the sixmonth notification to terminate all royalty reductions for the production of heavy oil and to terminate the availability of further heavy oil relief under regulations at 43 CFR 3103.4–3. DATES: The termination of the heavy oil royalty reductions program is effective on May 1, 2008. FOR FURTHER INFORMATION CONTACT: Rudy Baier, Division of Fluid Minerals, BLM, (202) 452–5024. Persons who use a telecommunications device for the deaf (TDD) may call the Federal Information Relay Service at 1–800– 877–8339, 24 hours a day, 7 days a PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 60691 week, except holidays, for assistance in reaching Mr. Baier. SUPPLEMENTARY INFORMATION: Under 43 CFR 3103.4–3(b)(6)(i), the BLM may suspend or terminate all heavy oil royalty reductions and terminate the availability of further heavy royalty relief ‘‘upon 6 month’s notice in the Federal Register when BLM determines that the average oil price has remained above $24 per barrel over a period of 6 consecutive months [based on the West Texas Intermediate (WTI) Crude average posted prices and adjusted for inflation using the implicit price deflator for gross national product with 1991 as the base year).’’ The adjusted threshold for the third quarter of calendar year 2004 was $30.83 and for the fourth quarter $31.00. By Federal Register notice (70 FR 21810) dated April 27, 2005, this royalty reduction program was suspended effective November 1, 2005. In that notice, the BLM requested comments on the conditions under which the suspension should be removed. The BLM received three comments. The WTI crude average posted oil prices have continued to exceed the adjusted threshold at all times since the April 27, 2005 notice. Therefore, considering the price of crude oil since the April 27, 2005 notice and current price projections for the near future, the BLM decided that this royalty reduction program should be terminated. As authorized by 43 CFR 3103.4–3(b)(6)(i), this serves as notice that the BLM will terminate the heavy oil royalty reductions program effective on May 1, 2008. Should conditions change so as to warrant relief, the BLM has authority to grant royalty rate reductions on a caseby-case basis (see 43 CFR 3103.4–1). James Abbott, Assistant Director, Minerals, Realty, and Resource Protection. [FR Doc. E7–20970 Filed 10–24–07; 8:45 am] BILLING CODE 4310–84–P DEPARTMENT OF THE INTERIOR Bureau of Land Management [MT–060–08–1430–EQ; MTM 044187] Notice of Realty Action: NonCompetitive Lease of Public Land in Pondera County, MT Bureau of Land Management, Lewistown Field Office, Interior. ACTION: Designation of public lands in Pondera County, Montana, for FLPMA lease. AGENCY: E:\FR\FM\25OCN1.SGM 25OCN1

Agencies

[Federal Register Volume 72, Number 206 (Thursday, October 25, 2007)]
[Notices]
[Page 60691]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-20970]


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DEPARTMENT OF THE INTERIOR

Bureau of Land Management

[WO-310-1310-PP-24 1A]


Oil and Gas Leasing: Onshore Oil and Gas Operations--Fees, 
Rentals, and Royalty

AGENCY: Bureau of Land Management, Interior.

ACTION: Notification to terminate the heavy oil royalty reductions 
program.

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SUMMARY: The Bureau of Land Management (BLM) is providing the six-month 
notification to terminate all royalty reductions for the production of 
heavy oil and to terminate the availability of further heavy oil relief 
under regulations at 43 CFR 3103.4-3.

DATES: The termination of the heavy oil royalty reductions program is 
effective on May 1, 2008.

FOR FURTHER INFORMATION CONTACT: Rudy Baier, Division of Fluid 
Minerals, BLM, (202) 452-5024. Persons who use a telecommunications 
device for the deaf (TDD) may call the Federal Information Relay 
Service at 1-800-877-8339, 24 hours a day, 7 days a week, except 
holidays, for assistance in reaching Mr. Baier.

SUPPLEMENTARY INFORMATION: Under 43 CFR 3103.4-3(b)(6)(i), the BLM may 
suspend or terminate all heavy oil royalty reductions and terminate the 
availability of further heavy royalty relief ``upon 6 month's notice in 
the Federal Register when BLM determines that the average oil price has 
remained above $24 per barrel over a period of 6 consecutive months 
[based on the West Texas Intermediate (WTI) Crude average posted prices 
and adjusted for inflation using the implicit price deflator for gross 
national product with 1991 as the base year).'' The adjusted threshold 
for the third quarter of calendar year 2004 was $30.83 and for the 
fourth quarter $31.00.
    By Federal Register notice (70 FR 21810) dated April 27, 2005, this 
royalty reduction program was suspended effective November 1, 2005. In 
that notice, the BLM requested comments on the conditions under which 
the suspension should be removed. The BLM received three comments.
    The WTI crude average posted oil prices have continued to exceed 
the adjusted threshold at all times since the April 27, 2005 notice. 
Therefore, considering the price of crude oil since the April 27, 2005 
notice and current price projections for the near future, the BLM 
decided that this royalty reduction program should be terminated. As 
authorized by 43 CFR 3103.4-3(b)(6)(i), this serves as notice that the 
BLM will terminate the heavy oil royalty reductions program effective 
on May 1, 2008.
    Should conditions change so as to warrant relief, the BLM has 
authority to grant royalty rate reductions on a case-by-case basis (see 
43 CFR 3103.4-1).

James Abbott,
Assistant Director, Minerals, Realty, and Resource Protection.
 [FR Doc. E7-20970 Filed 10-24-07; 8:45 am]
BILLING CODE 4310-84-P