[Code of Federal Regulations]
[Title 30, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 30CFR203.50]

[Page 19]
 
                       TITLE 30--MINERAL RESOURCES
 
                       DEPARTMENT OF THE INTERIOR
 
PART 203--RELIEF OR REDUCTION IN ROYALTY RATES--Table of Contents
 
               Subpart B--OCS Oil, Gas, and Sulfur General
 
Sec. 203.50  Who may apply for end-of-life royalty relief?

    Source: 63 FR 2618, Jan. 16, 1998, unless otherwise noted.

                  Royalty Relief for End-of-life Leases


    You may apply for royalty relief in two situations.
    (a) Your end-of-life lease (as defined in Sec. 203.2) is an oil and 
gas lease and has average daily production of at least 100 barrels of 
oil equivalent (BOE) per month (as calculated in Sec. 203.73) in at 
least 12 of the past 15 months. The most recent of these 12 months are 
considered the qualifying months. These 12 months should reflect the 
basic operation you intend to use until your resources are depleted. If 
you changed your operation significantly (e.g., begin re-injecting 
rather than recovering gas) during the qualifying months, or if you do 
so while we are processing your application, we may defer action on your 
application until you revise it to show the new circumstances.
    (b) Your end-of-life lease is other than an oil and gas lease (e.g., 
sulphur) and has production in at least 12 of the past 15 months. The 
most recent of these 12 months are considered the qualifying months.

[63 FR 2618, Jan. 16, 1998, as amended at 63 FR 57249, Oct. 27, 1998]

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