PocketLaw | CFR 30 | Royalty Relief for Pre-Act Deep Water Leases and

Royalty Relief for Pre-Act Deep Water Leases and for Development and Expansion Projects

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Who may apply for royalty relief on a case-by-case basis in deep water in the Gulf of Mexico or offshore of Alaska?

How do I assess my chances for getting relief?

How do I apply for relief?

Does my application have to include all leases in the field?

How many applications may I file on a field or a development project?

How long will BSEE take to evaluate my application?

What happens if BSEE does not act in the time allowed?

What economic criteria must I meet to get royalty relief on an authorized field or project?

What pre-application costs will BSEE consider in determining economic viability?

If my application is approved, what royalty relief will I receive?

What information must I provide after BSEE approves relief?

How does BSEE allocate a field's suspension volume between my lease and other leases on my field?

Can my lease receive more than one suspension volume?

How do suspension volumes apply to natural gas?

When will BSEE reconsider its determination?

What risk do I run if I request a redetermination?

When might BSEE withdraw or reduce the approved size of my relief?

May I voluntarily give up relief if conditions change?

Do I keep relief approved by BSEE under this part for my lease, unit or project if prices rise significantly?

How do I appeal BSEE's decisions related to royalty relief for a deepwater lease or a development or expansion project?

When can I get royalty relief if I am not eligible for royalty relief under other sections in the subpart?