80_FR_8024 80 FR 7994 - Consolidated Federal Oil & Gas and Federal & Indian Coal Valuation Reform

80 FR 7994 - Consolidated Federal Oil & Gas and Federal & Indian Coal Valuation Reform

DEPARTMENT OF THE INTERIOR
Office of Natural Resources Revenue

Federal Register Volume 80, Issue 30 (February 13, 2015)

Page Range7994-7994
FR Document2015-02997

The Office of Natural Resources Revenue (ONRR) published a notice of proposed rulemaking in the Federal Register on January 6, 2015, (80 FR 608). ONRR invited the public to submit written comments by March 9, 2015. ONRR is granting a 60-day extension to the comment period in response to stakeholder requests.

Federal Register, Volume 80 Issue 30 (Friday, February 13, 2015) 
[Federal Register Volume 80, Number 30 (Friday, February 13, 2015)]
[Proposed Rules]
[Page 7994]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-02997]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE INTERIOR

Office of Natural Resources Revenue

30 CFR Parts 1202 and 1206

[Docket No. ONRR-2012-0004; DS63610000 DR2PS0000.CH7000 156D0102R2]
RIN 1012-AA13


Consolidated Federal Oil & Gas and Federal & Indian Coal 
Valuation Reform

AGENCY: Office of Natural Resources Revenue, Interior.

ACTION: Proposed rule; notice of extension of comment period.

-----------------------------------------------------------------------

SUMMARY: The Office of Natural Resources Revenue (ONRR) published a 
notice of proposed rulemaking in the Federal Register on January 6, 
2015, (80 FR 608). ONRR invited the public to submit written comments 
by March 9, 2015. ONRR is granting a 60-day extension to the comment 
period in response to stakeholder requests.

DATES: You must submit comments on or before May 8, 2015.

ADDRESSES: You may submit comments to ONRR on the proposed rulemaking, 
as follows: (1) Electronically go to www.regulations.gov and enter 
``ONRR-2012-0004'' in ``Enter Keyword or ID,'' then click ``Search;'' 
(2) mail comments to Armand Southall, Regulatory Specialist, P.O. Box 
25165, MS 61030A, Denver, Colorado 80225; or (3) hand-carry comments, 
or use an overnight courier service, to ONRR, Building 85, Room A-614, 
Denver Federal Center, West 6th Ave. and Kipling St., Denver, Colorado 
80225. Please refer to the Regulation Identifier Number (RIN) 1012-AA13 
in your comments. ONRR will post all comments.

FOR FURTHER INFORMATION CONTACT: Armand Southall, ONRR, telephone (303) 
231-3221 or email armand.southall@onrr.gov.

SUPPLEMENTARY INFORMATION: The current Federal oil valuation 
regulations have been in effect since 2000, with a subsequent amendment 
relating, primarily, to the use of index pricing in some circumstances. 
The current Federal gas valuation regulations have been in effect since 
March 1, 1988, with various subsequent amendments relating, primarily, 
to the transportation allowance provisions. The current Federal and 
Indian coal valuation regulations have been in effect since March 1, 
1989, with minor subsequent amendments relating, primarily, to the 
Federal black lung excise taxes, abandoned mine lands fees, State and 
local severance taxes, and washing and transportation allowance 
provisions. In the years since we wrote these regulations, the 
Secretary of the Interior's (Secretary) responsibility to determine the 
royalty value of minerals produced has not changed, but the industry 
and marketplace have changed dramatically. ONRR proposes these 
amendments to our valuation regulations to permit the Secretary to 
discharge the Department of the Interior's (Department) royalty 
valuation responsibility in an environment of continuing and 
accelerating change in the industry and in the marketplace. The 
Secretary's responsibilities regarding oil and gas production from 
Federal leases and coal production from Federal and Indian leases 
require the development of flexible valuation methodologies that 
lessees can accurately comply with in a timely manner.
    To increase the effectiveness and efficiency of our rules, ONRR is 
proposing proactive and innovative changes. We intend for this proposed 
rulemaking to provide regulations that (1) offer greater simplicity, 
certainty, clarity, and consistency in product valuation for mineral 
lessees and mineral revenue recipients; (2) are more understandable; 
(3) decrease industry's cost of compliance and ONRR's cost to ensure 
industry compliance; and (4) provide early certainty to industry and to 
ONRR that companies have paid every dollar due. Therefore, ONRR 
proposes to amend the current regulations at 30 CFR part 1202, subpart 
F, and part 1206, subparts C, D, F, and J, governing the valuation, for 
royalty purposes, of oil, gas, and coal produced from Federal leases 
and coal produced from Indian leases.
    ONRR received requests for an extension to the comment deadline for 
this proposed rule. This action extends the comment period until May 8, 
2015. ONRR believes that this extension allows adequate time for 
interested parties to submit comments. ONRR will review and carefully 
consider all comments that we receive on the proposed rule.

     Dated: February 6, 2015.
Gregory J. Gould,
Director, Office of Natural Resources Revenue.
[FR Doc. 2015-02997 Filed 2-12-15; 8:45 am]
BILLING CODE 4335-30-P

7994 Federal Register / Vol. 80, No. 30 / Friday, February 13, 2015 / Proposed Rules Flight Standards District Office, as SUMMARY: The Office of Natural Federal and Indian leases require the appropriate. If sending information directly Resources Revenue (ONRR) published a development of flexible valuation to the International Branch, send it to ATTN: notice of proposed rulemaking in the methodologies that lessees can Dan Rodina, Aerospace Engineer, Federal Register on January 6, 2015, (80 accurately comply with in a timely International Branch, ANM–116, Transport Airplane Directorate, FAA, 1601 Lind FR 608). ONRR invited the public to manner. Avenue SW., Renton, WA 98057–3356; submit written comments by March 9, To increase the effectiveness and telephone 425–227–2125; fax 425–227–1149. 2015. ONRR is granting a 60-day efficiency of our rules, ONRR is Information may be emailed to: 9-ANM-116- extension to the comment period in proposing proactive and innovative AMOC-REQUESTS@faa.gov. Before using response to stakeholder requests. changes. We intend for this proposed any approved AMOC, notify your appropriate DATES: You must submit comments on rulemaking to provide regulations that principal inspector, or lacking a principal (1) offer greater simplicity, certainty, inspector, the manager of the local flight or before May 8, 2015. standards district office/certificate holding ADDRESSES: You may submit comments clarity, and consistency in product district office. The AMOC approval letter to ONRR on the proposed rulemaking, valuation for mineral lessees and must specifically reference this AD. as follows: (1) Electronically go to mineral revenue recipients; (2) are more (2) Contacting the Manufacturer: For any www.regulations.gov and enter ‘‘ONRR– understandable; (3) decrease industry’s requirement in this AD to obtain corrective 2012–0004’’ in ‘‘Enter Keyword or ID,’’ cost of compliance and ONRR’s cost to actions from a manufacturer, the action must then click ‘‘Search;’’ (2) mail comments ensure industry compliance; and (4) be accomplished using a method approved provide early certainty to industry and by the Manager, International Branch, ANM– to Armand Southall, Regulatory Specialist, P.O. Box 25165, MS 61030A, to ONRR that companies have paid 116, Transport Airplane Directorate, FAA; or EASA; or Airbus’s EASA DOA. If approved Denver, Colorado 80225; or (3) hand- every dollar due. Therefore, ONRR by the DOA, the approval must include the carry comments, or use an overnight proposes to amend the current DOA-authorized signature. courier service, to ONRR, Building 85, regulations at 30 CFR part 1202, subpart Room A–614, Denver Federal Center, F, and part 1206, subparts C, D, F, and (i) Related Information West 6th Ave. and Kipling St., Denver, J, governing the valuation, for royalty (1) Refer to Mandatory Continuing purposes, of oil, gas, and coal produced Airworthiness Information (MCAI) EASA Colorado 80225. Please refer to the Airworthiness Directive 2014–0199, dated Regulation Identifier Number (RIN) from Federal leases and coal produced September 5, 2014, for related information. 1012–AA13 in your comments. ONRR from Indian leases. This MCAI may be found in the AD docket will post all comments. ONRR received requests for an on the Internet at http://www.regulations.gov FOR FURTHER INFORMATION CONTACT: extension to the comment deadline for by searching for and locating Docket No. Armand Southall, ONRR, telephone this proposed rule. This action extends FAA–2015–0084. (303) 231–3221 or email the comment period until May 8, 2015. (2) For service information identified in ONRR believes that this extension this AD, contact Airbus SAS, Airworthiness armand.southall@onrr.gov. SUPPLEMENTARY INFORMATION: The allows adequate time for interested Office—EAW, 1 Rond Point Maurice Bellonte, 31707 Blagnac Cedex, France; current Federal oil valuation regulations parties to submit comments. ONRR will telephone +33 5 61 93 36 96; fax +33 5 61 have been in effect since 2000, with a review and carefully consider all 93 44 51; email account.airworth-eas@ subsequent amendment relating, comments that we receive on the airbus.com; Internet http://www.airbus.com. primarily, to the use of index pricing in proposed rule. You may view this service information at the Dated: February 6, 2015. some circumstances. The current FAA, Transport Airplane Directorate, 1601 Lind Avenue SW., Renton, WA. For Federal gas valuation regulations have Gregory J. Gould, information on the availability of this been in effect since March 1, 1988, with Director, Office of Natural Resources material at the FAA, call 425–227–1221. various subsequent amendments Revenue. Issued in Renton, Washington, on January relating, primarily, to the transportation [FR Doc. 2015–02997 Filed 2–12–15; 8:45 am] 30, 2015. allowance provisions. The current BILLING CODE 4335–30–P Jeffrey E. Duven, Federal and Indian coal valuation Manager, Transport Airplane Directorate, regulations have been in effect since Aircraft Certification Service. March 1, 1989, with minor subsequent DEPARTMENT OF HOMELAND [FR Doc. 2015–02535 Filed 2–12–15; 8:45 am] amendments relating, primarily, to the SECURITY Federal black lung excise taxes, BILLING CODE 4910–13–P abandoned mine lands fees, State and Coast Guard local severance taxes, and washing and transportation allowance provisions. In 33 CFR Parts 100 and 165 DEPARTMENT OF THE INTERIOR the years since we wrote these [Docket Number USCG–2014–1011] Office of Natural Resources Revenue regulations, the Secretary of the Interior’s (Secretary) responsibility to RIN 1625–AA00, AA08 30 CFR Parts 1202 and 1206 determine the royalty value of minerals produced has not changed, but the Special Local Regulations and Safety [Docket No. ONRR–2012–0004; DS63610000 industry and marketplace have changed Zones; Recurring Marine Events and DR2PS0000.CH7000 156D0102R2] dramatically. ONRR proposes these Fireworks Displays Within the Fifth RIN 1012–AA13 amendments to our valuation Coast Guard District wreier-aviles on DSK5TPTVN1PROD with PROPOSALS regulations to permit the Secretary to AGENCY: Coast Guard, DHS. Consolidated Federal Oil & Gas and discharge the Department of the ACTION: Notice of proposed rulemaking. Federal & Indian Coal Valuation Interior’s (Department) royalty valuation Reform responsibility in an environment of SUMMARY: The Coast Guard proposes to AGENCY: Office of Natural Resources continuing and accelerating change in amend the regulations established for Revenue, Interior. the industry and in the marketplace. recurring marine events and fireworks The Secretary’s responsibilities displays that take place within the Fifth ACTION: Proposed rule; notice of regarding oil and gas production from Coast Guard District area of extension of comment period. Federal leases and coal production from responsibility. Under that rule, the list VerDate Sep<11>2014 13:53 Feb 12, 2015 Jkt 235001 PO 00000 Frm 00015 Fmt 4702 Sfmt 4702 E:\FR\FM\13FEP1.SGM 13FEP1


Document Created: 2015-12-18 13:18:20
Document Modified: 2015-12-18 13:18:20
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionProposed rule; notice of extension of comment period.
DatesYou must submit comments on or before May 8, 2015.
ContactArmand Southall, ONRR, telephone (303) 231-3221 or email [email protected]
FR Citation80 FR 7994 
RIN Number1012-AA13
CFR Citation30 CFR 1202
30 CFR 1206
2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR