RC Cape May Holdings, LLC; Notice of Institution of Section 206 Proceeding and Refund Effective Date, 57799 [2015-24372]
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Federal Register / Vol. 80, No. 186 / Friday, September 25, 2015 / Notices
and gas reserves are to be reported
annually. Many U.S. government
agencies have an interest in the
definitions of proved oil and gas
reserves and the quality, reliability, and
usefulness of estimates of reserves.
Among these are the U.S. Energy
Information Administration (EIA),
Department of Energy; Bureau of Ocean
Energy Management (BOEM),
Department of Interior; Internal Revenue
Service (IRS), Department of the
Treasury; and the Securities and
Exchange Commission (SEC). Each of
these organizations has specific
purposes for collecting, using, or
estimating proved reserves. EIA has a
congressional mandate to provide
accurate annual estimates of U.S.
proved crude oil, natural gas, and
natural gas liquids reserves, and EIA
presents annual reserves data in EIA
Web reports to meet this requirement.
The BOEM maintains estimates of
proved reserves to carry out their
responsibilities in leasing, collecting
royalty payments, and regulating the
activities of oil and gas companies on
Federal lands and water. Accurate
reserve estimates are important, as the
BOEM is second only to the IRS in
generating Federal revenue. For the IRS,
proved reserves and occasionally
probable reserves are an essential
component of calculating taxes for
companies owning or producing oil and
gas. The SEC requires publicly traded
petroleum companies to annually file a
reserves statement as part of their 10–K
filing. The basic purpose of the 10–K
filing is to provide public investors with
a clear and reliable financial basis to
assess the relative value, as a financial
asset, of a company’s reserves,
especially in comparison to other
similar oil and gas companies.
The Government also uses the
resulting information to develop
national and regional estimates of
proved reserves of domestic crude oil,
natural gas, and natural gas liquids to
facilitate national energy policy
decisions. These estimates are essential
to the development, implementation,
and evaluation of energy policy and
legislation. Data are used directly in EIA
Web reports concerning U.S. crude oil,
natural gas, and natural gas liquids
reserves, and are incorporated into a
number of other Web reports and
analyses.
EIA proposes to make the following
changes to Form EIA–23L, Annual
Survey of Domestic Oil and Gas
Reserves, Field Level Report:
• Change the title of Form EIA–23L to
Annual Survey of Domestic Oil and Gas
Reserves, County Level Report;
VerDate Sep<11>2014
19:58 Sep 24, 2015
Jkt 235001
• Change the title of Schedule A to
Operated Proved Reserves, Production,
and Related Data by County;
• Operators will be instructed to file
their proved reserves by county rather
than by field. Line Item 2.0 will be
named ‘‘County Data (operated basis);’’
• Line Item 2.1.4 ‘‘Field Code’’, will
be changed to ‘‘County Name;’’
• Line Item 2.1.5 ‘‘MMS Code’’ will
be changed to ‘‘Type Code;’’
• Line Item 2.1.6. ‘‘Field Name’’ will
be changed to ‘‘Field, Play, or Prospect
Name (Optional);’’
• Line Items 2.1.9 ‘‘water depth’’ and
2.1.10 ‘‘field discovery year’’ will be
replaced with 2.1.9 ‘‘# of producing
wells’’, 2.1.10 ‘‘# of wells added [in
survey year];’’ and
• Line Item 2.1.11, ‘‘Prospect Name
(optional) will be replaced with ‘‘# of
wells sold [in survey year].’’
Comments and Feedback are
requested on these proposed changes to
Form EIA–23L.
Secondary reports that use the data
include EIA’s Annual Energy Review,
Annual Energy Outlook, Petroleum
Supply Annual, and Natural Gas
Annual.
(5) Annual Estimated Number of
Respondents:
Forms EIA–23L/23S/64A: 1,450.
(6) Annual Estimated Number of
Total Responses:
Forms EIA–23L/23S/64A: 1,450.
(7) Annual Estimated Number of
Burden Hours: 41,210.
Form EIA–23L Annual Survey of
Domestic Oil and Gas Reserves, County
Level Report:
38 hours (420 intermediate-size
operators); 110 hours (160 large
operators); 15 hours (270 small
operators): 37,610 hours.
Form EIA–23S Annual Survey of
Domestic Oil and Gas Reserves,
Summary Level Report: 4 hours (small
operators): 0 hours (Currently
suspended).
Form EIA–64A Annual Report of the
Origin of Natural Gas Liquids
Production: 6 hours (600 natural gas
plant operators): 3,600 hours.
(8) Annual Estimated Reporting and
Recordkeeping Cost Burden:
Forms EIA–23L/23S/64A: EIA
estimates that there are no capital and
start-up costs associated with this data
collection. The information is
maintained in the normal course of
business. The cost of burden hours to
the respondents is estimated to be
$2,965,884 (41,210 burden hours times
$71.97 per hour). Therefore, other than
the cost of burden hours, EIA estimates
that there are no additional costs for
generating, maintaining and providing
the information.
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57799
Statutory Authority: Section 13(b) of the
Federal Energy Administration Act of 1974,
Pub. L. 93–275, codified at 15 U.S.C. 772(b).
Issued in Washington, DC, September 18,
2015.
Nanda Srinivasan,
Director, Office of Survey Development and
Statistical Integration, U.S. Energy
Information Administration.
[FR Doc. 2015–24422 Filed 9–24–15; 8:45 am]
BILLING CODE 6450–01–P
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
[Docket No. EL15–101–000]
RC Cape May Holdings, LLC; Notice of
Institution of Section 206 Proceeding
and Refund Effective Date
On September 21, 2015, the
Commission issued an order in Docket
No. EL15–101–000, pursuant to section
206 of the Federal Power Act (FPA), 16
U.S.C. 824e (2012), instituting an
investigation into the justness and
reasonableness of RC Cape May
Holdings, LLC’s Reactive Power
Schedule. RC Cape May Holdings, LLC,
152 FERC ¶ 61,224 (2015).
The refund effective date in Docket
No. EL15–101–000, established
pursuant to section 206(b) of the FPA,
will be the date of publication of this
notice in the Federal Register.
Dated: September 21, 2015.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2015–24372 Filed 9–24–15; 8:45 am]
BILLING CODE 6717–01–P
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
[Docket No. ER15–2582–000]
Carousel Wind Farm, LLC;
Supplemental Notice That Initial
Market-Based Rate Filing Includes
Request for Blanket Section 204
Authorization
This is a supplemental notice in the
above-referenced proceeding of Carousel
Wind Farm, LLC’s application for
market-based rate authority, with an
accompanying rate tariff, noting that
such application includes a request for
blanket authorization, under 18 CFR
part 34, of future issuances of securities
and assumptions of liability.
Any person desiring to intervene or to
protest should file with the Federal
Energy Regulatory Commission, 888
E:\FR\FM\25SEN1.SGM
25SEN1
]]>Agencies
[Federal Register Volume 80, Number 186 (Friday, September 25, 2015)]
[Notices]
[Page 57799]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-24372]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. EL15-101-000]
RC Cape May Holdings, LLC; Notice of Institution of Section 206
Proceeding and Refund Effective Date
On September 21, 2015, the Commission issued an order in Docket No.
EL15-101-000, pursuant to section 206 of the Federal Power Act (FPA),
16 U.S.C. 824e (2012), instituting an investigation into the justness
and reasonableness of RC Cape May Holdings, LLC's Reactive Power
Schedule. RC Cape May Holdings, LLC, 152 FERC ] 61,224 (2015).
The refund effective date in Docket No. EL15-101-000, established
pursuant to section 206(b) of the FPA, will be the date of publication
of this notice in the Federal Register.
Dated: September 21, 2015.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2015-24372 Filed 9-24-15; 8:45 am]
BILLING CODE 6717-01-P
