(a) We will determine within 20 working days if your application for royalty relief is complete. If your application is incomplete, we will explain in writing what it needs. If you withdraw a complete application, you may reapply.
(b) We will evaluate your first application on a field within 180 days, evaluate your first application on a development project or an expansion project within 150 days and evaluate a redetermination under §203.75 within 120 days after we determine that it is complete.
(c) We may ask to extend the review period for your application under the conditions in the following table.
| If . . . | Then we may . . . |
|---|---|
| (1) We need more records to audit sunk costs, | Ask to extend the 120-day or 180-day evaluation period. The extension we request will equal the number of days between when you receive our request for records and the day we receive the records. |
| (2) We cannot evaluate your application for a valid reason, such as missing vital information or inconsistent or inconclusive supporting data, | Add another 30 days. We may add more than 30 days, but only if you agree. |
| (3) We need more data, explanations, or revision, | Ask to extend the 120-day or 180-day evaluation period. The extension we request will equal the number of days between when you receive our request and the day we receive the information. |
(d) We may change your assumptions under §203.62 if our technical evaluation reveals others that are more appropriate. We may consult with you before a final decision and will explain any changes.
(e) We will notify all designated lease operators within a field when royalty relief is granted.
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.
