Minerals Management Service February 13, 2006 – Federal Register Recent Federal Regulation Documents
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Outer Continental Shelf (OCS) Central Gulf of Mexico (GOM) Oil and Gas Lease Sale 198
On March 15, 2006, the MMS will open and publicly announce bids received for blocks offered in Central GOM Oil and Gas Lease Sale 198, pursuant to the OCS Lands Act (43 U.S.C. 1331-1356, as amended), and the regulations issued thereunder (30 CFR part 256). The Final Notice of Sale 198 Package (FNOS 198 Package) contains information essential to bidders, and bidders are charged with the knowledge of the documents contained in the Package.
Indian Oil Valuation
The Minerals Management Service (MMS) is proposing to amend its regulations regarding valuation, for royalty purposes, of oil produced from Indian leases. This proposal intends to add certainty to Indian oil valuation, eliminate reliance on posted oil prices, and address unique terms of Indian leases.
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