PocketLaw | CFR 30 | Royalty Relief for Drilling Deep Gas Wells on

Royalty Relief for Drilling Deep Gas Wells on Leases Not Subject to Deep Water Royalty Relief

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Which leases are eligible for royalty relief as a result of drilling a deep well or a phase 1 ultra-deep well?

If I have a qualified deep well or a qualified phase 1 ultra-deep well, what royalty relief would my lease earn?

What conditions and limitations apply to royalty relief for deep wells and phase 1 ultra-deep wells?

To which production do I apply the RSV earned from qualified deep wells or qualified phase 1 ultra-deep wells on my lease?

What administrative steps must I take to use the royalty suspension volume?

If I drill a certified unsuccessful well, what royalty relief will my lease earn?

To which production do I apply the royalty suspension supplements from drilling one or two certified unsuccessful wells on my lease?

What administrative steps do I take to obtain and use the royalty suspension supplement?

Do I keep royalty relief if prices rise significantly?

May I substitute the deep gas drilling provisions in this part for the deep gas royalty relief provided in my lease terms?