Calculation of net profit share payment.

  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
  7. Calculation of net profit share payment.

Checkout our iOS App for a better way to browser and research.

§ 1220.022 Calculation of net profit share payment.

The net profit share payment shall be calculated by multiplying the net profit share base calculated in accordance with § 1220.021 by the net profit share rate. The net profit share payment shall be paid to the United States in accordance with § 1220.031.

[45 FR 36800, May 30, 1980, as amended at 75 FR 61087, Oct. 4, 2010]


Download our app to see the most-to-date content.