Public Meeting on Proposed Rule; Establishing Oil Value for Royalty Due on Federal Leases

Résumé

The Minerals Management Service (MMS) has reopened the public comment period under a proposed rule published in the Federal Register on January 24, 1997 (62 FR 3742), amending the royalty valuation regulations for crude oil produced from Federal leases. In the July 3, 1997, Federal Register (62 FR 36030), we published a supplementary notice of proposed rulemaking. We received a variety of comments on the proposed and supplementary proposed rules. In the September 22, 1997, Federal Register (62 FR 49460), we published a summary of these comments, outlined alternatives for proceeding with further rulemaking, and requested public comment on those or other suggested alternatives. MMS now extends the comment period to November 5, 1997. MMS will hold a public workshop to discuss alternatives for proceeding with the rulemaking. The purpose of this workshop is to obtain comments on the alternatives described in the September 22, 1997, Federal Register notice, or any new alternatives or modifications to the proposed alternatives for MMS's consideration. We are not requesting comments on the original proposed rule or the supplemental proposed rule, nor on the summary of comments outlined in