When does an eligible lease qualify for a royalty suspension volume?

  1. Law
  2. CFR 30
  3. Mineral Resources
  4. Bureau of Ocean Energy Management, Department of the Interior
  5. Offshore
  6. Outer Continental Shelf Oil and Gas Leasing
  7. Bidding Systems
  8. Eligible Leases
  9. When does an eligible lease qualify for a royalty suspension volume?

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

§ 560.211 When does an eligible lease qualify for a royalty suspension volume?

(a) Your eligible lease will receive a royalty suspension volume as specified in the Act. The bidding system in § 560.110(g) applies.

(b) Your eligible lease may receive a royalty suspension volume only if your entire lease is west of 87 degrees, 30 minutes West longitude.

[76 FR 64623, Oct. 18, 2011. Redesignated at 81 FR 18175, Mar. 30, 2016]


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