Regulation & law · 06/11/1995

Liability for Royalty Due on Federal and Indian Leases; Paying and Reporting Royalty and Other Payments

The Minerals Management Service (MMS) is rescheduling a public meeting in Houston, Texas, and extending the comment period for a proposed rulemaking regarding the liability for payments due on Federal and Indian leases and the responsibility to pay and report royalty and other payments. The proposal aims to clarify who may be held liable for unpaid or underpaid royalties and establish reporting requirements for certain leases.