83 FR 44669 - Market Centers for Use in Applying Royalty Valuation Regulations for Federal Oil
DEPARTMENT OF THE INTERIOR
Office of Natural Resources Revenue Federal Register Volume 83, Issue 170 (August 31, 2018)
Office of Natural Resources Revenue
Federal Register Volume 83, Issue 170 (August 31, 2018)
| Page Range | 44669-44670 | |
| FR Document | 2018-19011 |
[Federal Register Volume 83, Number 170 (Friday, August 31, 2018)] [Notices] [Pages 44669-44670] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-19011] ----------------------------------------------------------------------- DEPARTMENT OF THE INTERIOR Office of Natural Resources Revenue [Docket No. ONRR-2018-0002; DS63644000 DR2000000.CH7000 189D0102R2] RIN 1010-AC09 Market Centers for Use in Applying Royalty Valuation Regulations for Federal Oil AGENCY: Office of the Secretary, Office of Natural Resources Revenue, Interior. ACTION: Notice of proposed modifications; request for comments. ----------------------------------------------------------------------- SUMMARY: The Office of Natural Resources Revenue (ONRR) is inviting comments on proposed modifications to the list of existing market centers that royalty payors use to value oil produced from Federal leases. This proposed modification is applicable to those valuing Federal oil production using NYMEX prices or ANS spot prices. DATES: You must submit your written comments on or before October 1, 2018. ADDRESSES: You may submit comments on this notice to ONRR by using one of the following three methods. Please reference ``ONRR-2018-0002'' in your comments.Electronically go to http://www.regulations.gov. In the entry titled ``Enter Keyword or ID,'' enter ``ONRR-2018-0002,'' then click ``Search.'' Follow the instructions to submit public comments. ONRR will post all comments. Mail comments to Mr. Armand Southall, Regulatory Specialist, ONRR, P.O. Box 25165, MS 64400B, Denver, Colorado 80225- 0165. Hand-carry or mail comments using an overnight courier service to ONRR. Our courier address is Building 85, Entrance N-1, Denver Federal Center, West 6th Avenue and Kipling Street, Denver, Colorado 80225. Visitor parking is available in the north parking lot near Entrance N-1, which is the only [[Page 44670]] entrance on the north side of Building 85. To request service, please use the courtesy phone and call Janet Giron at (303) 231-3088. FOR FURTHER INFORMATION CONTACT: For questions on technical issues, contact Mr. Robert Sudar, Market and Spatial Analytics, CEVA, ONRR, telephone (303) 231-3511 or email to [email protected]. For other questions, contact Mr. Armand Southall, telephone (303) 231-3221, or email to [email protected]. SUPPLEMENTARY INFORMATION: ONRR publishes a list of market centers for use in Federal oil valuation calculations under 30 CFR 1206.112. This regulation applies to payors who are applying adjustments and transportation allowances when Federal oil production is valued using NYMEX prices or ANS spot prices. Under Sec. 1206.113, ONRR will monitor market activity and, if necessary, add to or modify the list of market centers. ONRR last published the list of market centers in the Federal Register on June 20, 2000 (65 FR 38299). Under Sec. 1206.113, ONRR will consider the following factors and conditions in specifying market centers: 1. Points where ONRR-approved publications publish prices useful for index purposes; 2. Markets served; 3. Input from Industry and others knowledgeable in crude oil marketing and transportation; 4. Simplification; and 5. Other relevant matters. ONRR is seeking comments on its proposal to modify the list of market centers and the oil types at each location as listed below: ------------------------------------------------------------------------ Market center location Oil types ------------------------------------------------------------------------ Proposed New Market Centers ------------------------------------------------------------------------ Nederland, Texas.......................... Southern Green Canyon. Clovelly, Louisiana....................... Thunder Horse. Houston, Texas............................ Light Sweet. Clearbrook, Minnesota..................... Bakken Blend. Guernsey, Wyoming......................... Bakken Blend. Guernsey, Wyoming......................... Wyoming Sweet. ------------------------------------------------------------------------ Existing Market Centers to be removed ------------------------------------------------------------------------ San Francisco, California................. Alaska North Slope. Saint James, Louisiana.................... Eugene Island. ------------------------------------------------------------------------ Existing Market Centers to remain unchanged ------------------------------------------------------------------------ Cushing, Oklahoma......................... West Texas Intermediate. Midland, Texas............................ West Texas Intermediate. Midland, Texas............................ West Texas Sour. Saint James, Louisiana.................... Light Louisiana Sweet. Saint James, Louisiana.................... Bonito Sour. Empire, Louisiana......................... Heavy Louisiana Sweet. Clovelly, Louisiana....................... MARS Blend. Houma, Louisiana.......................... Poseidon. Multiple locations, U.S. West Coast....... Alaska North Slope. ------------------------------------------------------------------------ For supplementary information on these proposed market center locations, please visit https://www.onrr.gov/Valuation/pdfdocs/Crude-Oil-Market-Centers-Map.pdf. Before making this proposal final, ONRR seeks comments. We are especially interested in comments from Industry and others knowledgeable in crude oil marketing and transportation that addresses the following issues: (1) Whether ONRR should reconsider the proposed new market centers based on the five factors specified in Sec. 1206.113; (2) whether ONRR should reconsider removing the market centers proposed for removal based on the five factors specified in Sec. 1206.113; (3) whether ONRR should reconsider modifying or removing the market centers proposed to remain unchanged based on the five factors specified in Sec. 1206.113; and (4) whether ONRR should consider adding any other market centers based on the five factors specified in Sec. 1206.113. ONRR will post all comments, including names and addresses of respondents at http://www.regulations.gov. We will include or summarize each comment when finalizing any modifications to the market centers list. Before including your address, phone number, email address, or other personal identifying information in your comment, you should be aware that your entire comment--including your personal identifying information--may be made publicly available at any time. While you can ask us in your comment to withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so. Authorities: 30 CFR 1206.113. Gregory J. Gould, Director for Office of Natural Resources Revenue. [FR Doc. 2018-19011 Filed 8-30-18; 8:45 am] BILLING CODE 4335-30-P
![44670 Federal Register / Vol. 83, No. 170 / Friday, August 31, 2018 / Notices
entrance on the north side of Building For supplementary information on SUMMARY: The Bureau of Ocean Energy
85. To request service, please use the these proposed market center locations, Management (BOEM) is announcing the
courtesy phone and call Janet Giron at please visit https://www.onrr.gov/ availability of the Final Environmental
(303) 231–3088. Valuation/pdfdocs/Crude-Oil-Market- Impact Statement (FEIS) for the Liberty
FOR FURTHER INFORMATION CONTACT: For Centers-Map.pdf. Development and Production Plan
questions on technical issues, contact Before making this proposal final, (DPP) in the Beaufort Sea Planning
Mr. Robert Sudar, Market and Spatial ONRR seeks comments. We are Area. The FEIS analyzes the potential
Analytics, CEVA, ONRR, telephone especially interested in comments from environmental impacts of the proposed
(303) 231–3511 or email to Industry and others knowledgeable in action described in the Liberty DPP and
Robert.Sudar@onrr.gov. For other crude oil marketing and transportation reasonable alternatives to the proposed
questions, contact Mr. Armand Southall, that addresses the following issues: (1) action.
telephone (303) 231–3221, or email to Whether ONRR should reconsider the
Armand.Southall@onrr.gov. proposed new market centers based on ADDRESSES: Electronic copies of the
SUPPLEMENTARY INFORMATION: ONRR the five factors specified in § 1206.113; FEIS and associated information is
publishes a list of market centers for use (2) whether ONRR should reconsider available on BOEM’s website at: https://
in Federal oil valuation calculations removing the market centers proposed www.boem.gov/liberty.
under 30 CFR 1206.112. This regulation for removal based on the five factors
FOR FURTHER INFORMATION CONTACT:
applies to payors who are applying specified in § 1206.113; (3) whether
ONRR should reconsider modifying or Lauren Boldrick, Project Manager,
adjustments and transportation Bureau of Ocean Energy Management,
allowances when Federal oil production removing the market centers proposed
to remain unchanged based on the five Alaska OCS Region, 3801 Centerpoint
is valued using NYMEX prices or ANS Drive, Suite 500, Anchorage, Alaska
spot prices. Under § 1206.113, ONRR factors specified in § 1206.113; and (4)
whether ONRR should consider adding 99503, 907–334–5200.
will monitor market activity and, if
necessary, add to or modify the list of any other market centers based on the SUPPLEMENTARY INFORMATION: The
market centers. ONRR last published the five factors specified in § 1206.113. proposed action would recover and
list of market centers in the Federal ONRR will post all comments, process oil from the Liberty oil field and
Register on June 20, 2000 (65 FR 38299). including names and addresses of transport sales-quality oil to market. To
Under § 1206.113, ONRR will consider respondents at http:// accomplish this, Hilcorp Alaska LLC
the following factors and conditions in www.regulations.gov. We will include would construct the Liberty Drilling and
specifying market centers: or summarize each comment when Production Island (LDPI) to recover
1. Points where ONRR-approved finalizing any modifications to the
reserves from three Federal leases
publications publish prices useful for market centers list. Before including
(OCS–Y–1585, OCS–Y–1650, and OCS–
index purposes; your address, phone number, email
Y–1886) in Foggy Island Bay of the
2. Markets served; address, or other personal identifying
information in your comment, you Beaufort Sea. The ocean bottom
3. Input from Industry and others
should be aware that your entire footprint of the proposed LDPI is
knowledgeable in crude oil marketing
comment—including your personal approximately 24 acres. Hilcorp would
and transportation;
4. Simplification; and identifying information—may be made construct a new pipeline linking the
5. Other relevant matters. publicly available at any time. While LDPI to the Badami Sales Oil Pipeline
ONRR is seeking comments on its you can ask us in your comment to (Badami pipeline). They would bury the
proposal to modify the list of market withhold your personal identifying subsea portion (approximately 5.6
centers and the oil types at each information from public review, we miles) of the pipeline along a route
location as listed below: cannot guarantee that we will be able to running south from the LPDI to the
do so. Alaska coastline west of the
Market center location Oil types Kadleroshilik River. The pipeline would
Authorities: 30 CFR 1206.113.
Proposed New Market Centers transition to above-ground for
Gregory J. Gould, approximately 1.5 miles and tie into the
Nederland, Texas ........... Southern Green Canyon. Director for Office of Natural Resources existing Badami pipeline. Hilcorp
Clovelly, Louisiana ......... Thunder Horse. Revenue.
Houston, Texas .............. Light Sweet.
would produce and process oil from the
Clearbrook, Minnesota ... Bakken Blend. [FR Doc. 2018–19011 Filed 8–30–18; 8:45 am] LDPI, transport it through the Badami
Guernsey, Wyoming ....... Bakken Blend. BILLING CODE 4335–30–P pipeline to the existing common carrier
Guernsey, Wyoming ....... Wyoming Sweet. pipeline system, and from there on to
Existing Market Centers to be removed the Trans-Alaska Pipeline System.
DEPARTMENT OF THE INTERIOR
San Francisco, California Alaska North Slope.
The full text of the mitigation
Saint James, Louisiana .. Eugene Island. Bureau of Ocean Energy Management measures which will be included in the
project approval are available in the
Existing Market Centers to remain unchanged Liberty DPP FEIS. The FEIS and
[Docket No. BOEM–2015–0068]
Cushing, Oklahoma ........ West Texas Inter- associated information is available on
mediate. Environmental Impact Statement on BOEM’s website at: https://
Midland, Texas ............... West Texas Inter- www.boem.gov/liberty.
mediate.
the Liberty Development and
daltland on DSKBBV9HB2PROD with NOTICES
Midland, Texas ............... West Texas Sour. Production Plan in the Beaufort Sea Authority: This Notice of Availability
Saint James, Louisiana .. Light Louisiana Sweet. Planning Area is published pursuant to regulations (40
Saint James, Louisiana .. Bonito Sour.
Empire, Louisiana ........... Heavy Louisiana Sweet. AGENCY: Bureau of Ocean Energy CFR part 1506) implementing the
Clovelly, Louisiana ......... MARS Blend. Management, Interior. provisions of the National
Houma, Louisiana .......... Poseidon. Environmental Policy Act (NEPA) of
Multiple locations, U.S. Alaska North Slope. ACTION: Notice of availability of the
1969, as amended (42 U.S.C. 4321 et
West Coast. Final Environmental Impact Statement.
seq.).
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Document Created: 2018-08-31 00:53:40
Document Modified: 2018-08-31 00:53:40
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice of proposed modifications; request for comments. | |
| Dates | You must submit your written comments on or before October 1, 2018. | |
| Contact | For questions on technical issues, contact Mr. Robert Sudar, Market and Spatial Analytics, CEVA, ONRR, telephone (303) 231-3511 or email to [email protected] For other questions, contact Mr. Armand Southall, telephone (303) 231-3221, or email to [email protected] | |
| FR Citation | 83 FR 44669 | |
| RIN Number | 1010-AC09 |
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