Minerals Management Service December 10, 2007 – Federal Register Recent Federal Regulation Documents

States' Decisions on Participating in Accounting and Auditing Relief for Federal Oil and Gas Marginal Properties
Document Number: E7-23889
Type: Notice
Date: 2007-12-10
Agency: Department of the Interior, Minerals Management Service
The Minerals Management Service (MMS) published final regulations on September 13, 2004 (69 FR 55076), codified at 30 CFR 204.200-215, 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 to 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.