(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.