Accounting Procedures for Determining Net Profit Share Payment for Outer Continental Shelf Oil and Gas Leases

  1. Law
  2. CFR 30
  3. Mineral Resources
  4. Office of Natural Resources Revenue, Department of the Interior
  5. Natural Resources Revenue
  6. Accounting Procedures for Determining Net Profit Share Payment for Outer Continental Shelf Oil and Gas Leases

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Section
1220.001

Purpose and scope.

Section
1220.002

Definitions.

Section
1220.003

Information collection.

Section
1220.010

NPSL capital account.

Section
1220.011

Schedule of allowable direct and allocable joint costs and credits.

Section
1220.012

Overhead allowance.

Section
1220.013

Unallowable costs.

Section
1220.014

Allocation of joint costs and credits.

Section
1220.015

Pricing of materiel purchases, transfers, and dispositions.

Section
1220.020

Calculation of the allowance for capital recovery.

Section
1220.021

Determination of net profit share base.

Section
1220.022

Calculation of net profit share payment.

Section
1220.030

Maintenance of records.

Section
1220.031

Reporting and payment requirements.

Section
1220.032

Inventories.

Section
1220.033

Audits.

Section
1220.034

Redetermination and appeals.