States' Decisions on Participating in Accounting and Auditing Relief for Federal Oil and Gas Marginal Properties, 77058 [E8-30129]
Download as PDF
<![CDATA[
77058
Federal Register / Vol. 73, No. 244 / Thursday, December 18, 2008 / Notices
DEPARTMENT OF THE INTERIOR
Minerals Management Service
States’ Decisions on Participating in
Accounting and Auditing Relief for
Federal Oil and Gas Marginal
Properties
AGENCY: Minerals Management Service,
Interior.
ACTION: Notice of states’ decisions to
participate or not participate in
accounting and auditing relief for
Federal oil and gas marginal properties
located in their state for calendar year
2009.
SUMMARY: The Minerals Management
Service (MMS) published final
regulations on September 13, 2004 (69
FR 55076), codified at 30 CFR 204.200
through 204.215, to provide accounting
and auditing relief for marginal Federal
oil and gas properties. The rule requires
MMS to publish in the Federal Register
the decisions of the states concerned to
allow or not allow one or both forms of
relief in their state. As required in the
rule, MMS provided states receiving a
portion of the Federal royalties with a
list of qualifying marginal Federal oil
and gas properties located in their state
so that each affected state could decide
whether to participate in one or both
relief options. This notice provides the
decisions by the states concerned to
allow one or both types of relief.
DATES: Effective January 1, 2009.
FOR FURTHER INFORMATION CONTACT:
Mary Williams, Manager, Federal
Onshore Oil and Gas Compliance and
Asset Management, telephone (303)
231–3403, FAX (303) 231–3744, e-mail
to mary.williams@mms.gov, or mail to
P.O. Box 25165, MS 392B2, Denver
Federal Center, Denver, Colorado
80225–0165.
SUPPLEMENTARY INFORMATION: The rule
implemented certain provisions of
section 7 of the Federal Oil and Gas
Royalty Simplification and Fairness Act
of 1996 and provides two options for
relief: (1) Notification-based relief for
annual reporting, and (2) other
requested relief, as proposed by
industry and approved by MMS and the
state concerned. The rule requires that
MMS publish by December 1 of each
year, a list of the states and their
decisions regarding marginal property
relief.
To qualify for the first option of relief
(notification-based relief) for calendar
year 2009, properties must have
produced less than 1,000 barrels-of-oilequivalent (BOE) per year for the base
period (July 1, 2007, through June 30,
2008). Annual reporting relief will begin
on January 1, 2009, with the annual
report and payment due February 28,
2010; or March 31, 2010, if you have an
estimated payment on file. To qualify
for the second option of relief (other
requested relief), properties must have
produced less than 15 BOE per well per
day for the base period.
The following table shows the states
that have marginal properties, where a
portion of the royalties are shared
between the state and MMS, and the
states’ decisions to allow one or both
forms of relief.
Notification-based relief
(less than 1,000 BOE per year)
Alabama ..........................................................................................
California .........................................................................................
Colorado ..........................................................................................
Kansas ............................................................................................
Louisiana .........................................................................................
Michigan ..........................................................................................
Mississippi .......................................................................................
Montana ..........................................................................................
Nebraska .........................................................................................
Nevada ............................................................................................
New Mexico .....................................................................................
North Dakota ...................................................................................
Oklahoma ........................................................................................
South Dakota ..................................................................................
Utah .................................................................................................
Wyoming .........................................................................................
mstockstill on PROD1PC66 with NOTICES
State
No ..............................................................................
No ..............................................................................
No ..............................................................................
No ..............................................................................
Yes .............................................................................
Yes .............................................................................
No ..............................................................................
No ..............................................................................
No ..............................................................................
No ..............................................................................
No ..............................................................................
No ..............................................................................
No ..............................................................................
No ..............................................................................
No ..............................................................................
Yes .............................................................................
Federal oil and gas properties located
in all other states, where a portion of the
royalties is not shared with the state, are
eligible for relief if they qualify as
marginal under this rule. For
information on how to obtain relief,
please refer to the rule, which can be
viewed on the MMS Web site at
https://www.mrm.mms.gov/Laws_R_D/
FRNotices/AC30.htm.
Unless the information received is
proprietary data, all correspondence,
records, or information received in
response to this notice are subject to
disclosure under the Freedom of
Information Act (FOIA). If applicable,
please highlight the proprietary
portions, including any supporting
documentation, or mark the page(s) that
VerDate Aug<31>2005
17:51 Dec 17, 2008
Jkt 217001
contain proprietary data. Proprietary
information is protected by the Trade
Secrets Act (18 U.S.C. 1905), FOIA,
Exemption 4, and Department
regulations (43 CFR, Part 2).
Dated: December 1, 2008.
Gregory J. Gould,
Associate Director for Minerals Revenue
Management.
[FR Doc. E8–30129 Filed 12–17–08; 8:45 am]
BILLING CODE 4310–MR–P
PO 00000
Request-based relief
(less than 15 BOE per
well per day)
No.
No.
No.
No.
Yes.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
INTERNATIONAL TRADE
COMMISSION
[Investigation No. 731–TA–1020 (Review)]
Barium Carbonate From China
AGENCY: United States International
Trade Commission.
ACTION: Scheduling of an expedited fiveyear review concerning the antidumping
duty order on barium carbonate from
China.
SUMMARY: The Commission hereby gives
notice of the scheduling of an expedited
review pursuant to section 751(c)(3) of
the Tariff Act of 1930 (19 U.S.C.
1675(c)(3)) (the Act) to determine
whether revocation of the antidumping
Frm 00059
Fmt 4703
Sfmt 4703
E:\FR\FM\18DEN1.SGM
18DEN1
]]>Agencies
[Federal Register Volume 73, Number 244 (Thursday, December 18, 2008)]
[Notices]
[Page 77058]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-30129]
[[Page 77058]]
-----------------------------------------------------------------------
DEPARTMENT OF THE INTERIOR
Minerals Management Service
States' Decisions on Participating in Accounting and Auditing
Relief for Federal Oil and Gas Marginal Properties
AGENCY: Minerals Management Service, Interior.
ACTION: Notice of states' decisions to participate or not participate
in accounting and auditing relief for Federal oil and gas marginal
properties located in their state for calendar year 2009.
-----------------------------------------------------------------------
SUMMARY: The Minerals Management Service (MMS) published final
regulations on September 13, 2004 (69 FR 55076), codified at 30 CFR
204.200 through 204.215, to provide accounting and auditing relief for
marginal Federal oil and gas properties. The rule requires MMS to
publish in the Federal Register the decisions of the states concerned
to allow or not allow one or both forms of relief in their state. As
required in the rule, MMS provided states receiving a portion of the
Federal royalties with a list of qualifying marginal Federal oil and
gas properties located in their state so that each affected state could
decide whether to participate in one or both relief options. This
notice provides the decisions by the states concerned to allow one or
both types of relief.
DATES: Effective January 1, 2009.
FOR FURTHER INFORMATION CONTACT: Mary Williams, Manager, Federal
Onshore Oil and Gas Compliance and Asset Management, telephone (303)
231-3403, FAX (303) 231-3744, e-mail to mary.williams@mms.gov, or mail
to P.O. Box 25165, MS 392B2, Denver Federal Center, Denver, Colorado
80225-0165.
SUPPLEMENTARY INFORMATION: The rule implemented certain provisions of
section 7 of the Federal Oil and Gas Royalty Simplification and
Fairness Act of 1996 and provides two options for relief: (1)
Notification-based relief for annual reporting, and (2) other requested
relief, as proposed by industry and approved by MMS and the state
concerned. The rule requires that MMS publish by December 1 of each
year, a list of the states and their decisions regarding marginal
property relief.
To qualify for the first option of relief (notification-based
relief) for calendar year 2009, properties must have produced less than
1,000 barrels-of-oil-equivalent (BOE) per year for the base period
(July 1, 2007, through June 30, 2008). Annual reporting relief will
begin on January 1, 2009, with the annual report and payment due
February 28, 2010; or March 31, 2010, if you have an estimated payment
on file. To qualify for the second option of relief (other requested
relief), properties must have produced less than 15 BOE per well per
day for the base period.
The following table shows the states that have marginal properties,
where a portion of the royalties are shared between the state and MMS,
and the states' decisions to allow one or both forms of relief.
----------------------------------------------------------------------------------------------------------------
Notification-based relief Request-based relief (less than 15
State (less than 1,000 BOE per year) BOE per well per day)
----------------------------------------------------------------------------------------------------------------
Alabama................................. No............................. No.
California.............................. No............................. No.
Colorado................................ No............................. No.
Kansas.................................. No............................. No.
Louisiana............................... Yes............................ Yes.
Michigan................................ Yes............................ No.
Mississippi............................. No............................. No.
Montana................................. No............................. No.
Nebraska................................ No............................. No.
Nevada.................................. No............................. No.
New Mexico.............................. No............................. No.
North Dakota............................ No............................. No.
Oklahoma................................ No............................. No.
South Dakota............................ No............................. No.
Utah.................................... No............................. No.
Wyoming................................. Yes............................ No.
----------------------------------------------------------------------------------------------------------------
Federal oil and gas properties located in all other states, where a
portion of the royalties is not shared with the state, are eligible for
relief if they qualify as marginal under this rule. For information on
how to obtain relief, please refer to the rule, which can be viewed on
the MMS Web site at https://www.mrm.mms.gov/Laws_R_D/FRNotices/
AC30.htm.
Unless the information received is proprietary data, all
correspondence, records, or information received in response to this
notice are subject to disclosure under the Freedom of Information Act
(FOIA). If applicable, please highlight the proprietary portions,
including any supporting documentation, or mark the page(s) that
contain proprietary data. Proprietary information is protected by the
Trade Secrets Act (18 U.S.C. 1905), FOIA, Exemption 4, and Department
regulations (43 CFR, Part 2).
Dated: December 1, 2008.
Gregory J. Gould,
Associate Director for Minerals Revenue Management.
[FR Doc. E8-30129 Filed 12-17-08; 8:45 am]
BILLING CODE 4310-MR-P
