What are the rent and operating fee requirements for a limited lease?

  1. Law
  2. CFR 30
  3. Mineral Resources
  4. Bureau of Ocean Energy Management, Department of the Interior
  5. Offshore
  6. Renewable Energy and Alternate Uses of Existing Facilities on the Outer Continental Shelf
  7. Payments and Financial Assurance Requirements
  8. Payments
  9. What are the rent and operating fee requirements for a limited lease?

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§ 585.505 What are the rent and operating fee requirements for a limited lease?

(a) The rent for a limited lease is $3 per acre per year, unless otherwise established in the Final Sale Notice and your lease instrument.

(b) You must pay ONRR the initial 12-months' rent 45 days after you receive the lease copies from BOEM in accordance with the requirements provided in § 585.500(a).

(c) You must pay ONRR, under the regulations at 30 CFR part 1218, rent at the beginning of each subsequent 1-year period on the entire lease area for the duration of your operations term in accordance with the regulations at 30 CFR 1218.51.

(d) BOEM will not charge an operating fee for the authorized sale of power from a limited lease.

[76 FR 64623, Oct. 18, 2011, as amended at 79 FR 21623, Apr. 17, 2014]


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