Part 556 — Leasing of Sulfur or Oil and Gas and Financial Assurance Requirements in the Outer Continental Shelf
Subpart A — General Provisions
Subpart B — Oil and Gas Five Year Leasing Program
- § 556.200— What is the Five Year leasing program?
- § 556.201— Does BOEM consider multiple uses of the OCS?
- § 556.202— How does BOEM start the Five Year program preparation process?
- § 556.203— What does BOEM do before publishing a proposed Five Year program?
- § 556.204— How do governments and citizens comment on a proposed Five Year program?
- § 556.205— What does BOEM do before approving a proposed final Five Year program or a significant revision of a previously-approved Five Year program?
Subpart C — Planning and Holding a Lease Sale
- § 556.300— What reports may BOEM and other Federal agencies prepare before a lease sale?
- § 556.301— What is a Call for Information and Nominations?
- § 556.302— What does BOEM do with the information from the Call?
- § 556.303— What does BOEM do if an area proposed for leasing is within three nautical miles of the seaward boundary of a coastal State?
- § 556.304— How is a proposed notice of sale prepared?
- § 556.305— How does BOEM coordinate and consult with States regarding a proposed notice of sale?
- § 556.306— What if a potentially oil- or gas-bearing area underlies both the OCS and lands subject to State jurisdiction?
- § 556.307— What does BOEM do with comments and recommendations received on the proposed notice of sale?
- § 556.308— How does BOEM conduct a lease sale?
- § 556.309— Does BOEM offer blocks in a sale that is not on the Five Year program schedule (called a Supplemental Sale)?
Subpart D — Qualifications
- § 556.400— When must I demonstrate that I am qualified to hold a lease on the OCS?
- § 556.401— What do I need to show to become qualified to hold a lease on the OCS and obtain a qualification number?
- § 556.402— How do I make the necessary showing to qualify and obtain a qualification number?
- § 556.403— Under what circumstances may I be disqualified from acquiring a lease or an interest in a lease on the OCS?
- § 556.404— What do the non-procurement debarment rules require that I do?
- § 556.405— When must I notify BOEM of mergers, name changes, or changes of business form?
Subpart E — Issuance of a Lease
- § 556.500— Once qualified, how do I submit a bid?
- § 556.501— What information do I need to submit with my bid?
- § 556.511— Are there restrictions on bidding with others and do those restrictions affect my ability to bid?
- § 556.512— What bids may be disqualified?
- § 556.513— When must I file a statement of production?
- § 556.514— How do I determine my production for purposes of the restricted joint bidders list?
- § 556.515— May a person be exempted from joint bidding restrictions?
- § 556.516— What does BOEM do with my bid?
- § 556.517— What may I do if my high bid is rejected?
- § 556.520— What happens if I am the successful high bidder and BOEM accepts my bid?
- § 556.521— When is my lease effective?
- § 556.522— What are the terms and conditions of the lease and when are they published?
Subpart F — Lease Term and Obligations
- § 556.600— What is the primary term of my oil and gas lease?
- § 556.601— How may I maintain my oil and gas lease beyond the primary term?
- § 556.602— What is the primary term of my sulfur lease?
- § 556.603— How may I maintain my sulfur lease beyond the primary term?
- § 556.604— What are my rights and obligations as a record title owner?
- § 556.605— What are my rights and obligations as an operating rights owner?
- § 556.606— What must a lessee do if BOEM elects to extract helium from a lease?
Subpart G — Transferring All or Part of the Record Title Interest in a Lease
- § 556.700— May I assign or sublease all or any part of the record title interest in my lease?
- § 556.701— How do I seek approval of an assignment of the record title interest in my lease, or a severance of operating rights from that record title interest?
- § 556.702— When will my assignment result in a segregated lease?
- § 556.703— What is the effect of the approval of the assignment of 100 percent of the record title in a particular aliquot(s) of my lease and of the resulting lease segregation?
- § 556.704— When may BOEM disapprove an assignment or sublease of an interest in my lease?
- § 556.705— How do I transfer the interest of a deceased natural person who was a lessee?
- § 556.706— What if I want to transfer record title interests in more than one lease at the same time, but to different parties?
- § 556.707— What if I want to transfer different types of lease interests (not only record title interests) in the same lease to different parties?
- § 556.708— What if I want to transfer my record title interests in more than one lease to the same party?
- § 556.709— What if I want to transfer my record title interest in one lease to multiple parties?
- § 556.710— What is the effect of an assignment of a lease on an assignor's liability under the lease?
- § 556.711— What is the effect of a record title holder's sublease of operating rights on the record title holder's liability?
- § 556.712— What is the effective date of a transfer?
- § 556.713— What is the effect of an assignment of a lease on an assignee's liability under the lease?
- § 556.714— As a restricted joint bidder, may I transfer an interest to another restricted joint bidder?
- § 556.715— Are there any interests I may transfer or record without BOEM approval?
- § 556.716— What must I do with respect to the designation of operator on a lease when a transfer of record title is submitted?
Subpart H — Transferring All or Part of the Operating Rights in a Lease
- § 556.800— As an operating rights owner, may I assign all or part of my operating rights interest?
- § 556.801— How do I seek approval of an assignment of my operating rights?
- § 556.802— When may BOEM disapprove the transfer of all or part of my operating rights interest?
- § 556.803— What if I want to assign operating rights interests in more than one lease at the same time, but to different parties?
- § 556.804— What if I want to assign my operating rights interest in a lease to multiple parties?
- § 556.805— What is the effect of an operating rights owner's assignment of operating rights on the assignor's liability?
- § 556.806— What is the effective date of an assignment of operating rights?
- § 556.807— What is the effect of an assignment of operating rights on an assignee's liability?
- § 556.808— As an operating rights owner, are there any interests I may assign without BOEM approval?
- § 556.810— What must I do with respect to the designation of operator on a lease when a transfer of operating rights ownership is submitted?
Subpart I — Financial Assurance
- § 556.900— Financial assurance requirements for an oil and gas or sulfur lease.
- § 556.901— Base and supplemental financial assurance.
- § 556.902— General requirements for bonds or other financial assurance.
- § 556.903— Lapse of financial assurance.
- § 556.904— Decommissioning accounts.
- § 556.905— Third-party guarantees.
- § 556.906— Termination of the period of liability and cancellation of financial assurance.
- § 556.907— Forfeiture of bonds or other financial assurance.