Royalty or Reduction in Royalty Rates-Deep Water Royalty Relief for OCS Oil and Gas Leases Issued After 2000

Samenvatting

This document extends to January 9, 2001, the deadline for submitting comments on the proposed rule revising regulations on royalty relief for oil and gas producers on the Outer Continental Shelf (OCS). The proposed rule provides for suspension or reduction of royalty on a case-by-case basis for certain additional categories of OCS leases under 30 CFR part 203. Also, it identifies circumstances when we may consider special royalty relief outside our established end-of-life and deep water royalty relief programs.