30 CFR §1204.203
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)Under this relief option, you may request any type of accounting and auditing relief that is appropriate for production from your marginal property, provided it is not prohibited under § 1204.204 and meets the statutory requirements of § 1204.5. Examples of relief options you could request are:
- (1)To report and pay royalties using a valuation method other than that required under 30 CFR part 1206 that approximates royalties payable under that part 1206; and
- (2)To reduce your royalty audit burden. However, ONRR will not consider any request that eliminates ONRR's or the States' right to audit.
- (b)You must request approval from ONRR under § 1204.205(b), and receive approval under § 1204.206 before taking relief under this option.