PocketLaw | CFR 30 | Royalty Relief for Drilling Ultra-Deep Wells on

Royalty Relief for Drilling Ultra-Deep 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 phase 2 or phase 3 ultra-deep well?

If I have a qualified phase 2 or qualified phase 3 ultra-deep well, what royalty relief would that well earn for my lease?

What other requirements or restrictions apply to royalty relief for a qualified phase 2 or phase 3 ultra-deep well?

To which production do I apply the RSV earned by qualified phase 2 and phase 3 ultra-deep wells on my lease or in my unit?

To which production may an RSV earned by qualified phase 2 and phase 3 ultra-deep wells on my lease not be applied?

What administrative steps must I take to use the RSV earned by a qualified phase 2 or phase 3 ultra-deep well?

Do I keep royalty relief if prices rise significantly?