1. LawStack
  2. Title 30 - Mineral Resources
  3. Chapter XII - OFFICE OF NATURAL RESOURCES REVENUE, DEPARTMENT OF THE INTERIOR
  4. Subchapter A - NATURAL RESOURCES REVENUE
  5. Part 1206 - PRODUCT VALUATION
  6. Subpart C - Federal Oil
  7. 30 CFR § 1206.120
30 CFR § 1206.120
How are operating allowances determined?
July 29, 2020
CFR

BOEM may use an operating allowance for the purpose of computing payment obligations when specified in the notice of sale and the lease. BOEM will specify the allowance amount or formula in the notice of sale and in the lease agreement.

Previous
§ 1206.119 How are royalty quantity and quality determined?

Tried the LawStack mobile app?

Join thousands and try LawStack mobile for FREE today.

  • Carry the law offline, wherever you go.
  • Download CFR, USC, rules, and state law to your mobile device.

Designed and built by Tekk Innovations LLC, the makers of the LawStack iPhone app or Android app.

© 2020 Tekk Innovations LLC