Major Portion Prices and Due Dates for Additional Royalty Payments on Indian Gas Production in Designated Areas Not Associated with an Index Zone
Final regulations for valuing gas produced from Indian leases, published on August 10, 1999, require MMS to determine major portion values and notify industry by publishing the ...
Final regulations for valuing gas produced from Indian leases, published on August 10, 1999, require MMS to determine major portion values and notify industry by publishing the values in the
Federal Register
. The regulations also require MMS to publish a due date for industry to pay additional royalty based on the major portion value. This notice provides the major portion values and due dates for January and February 2000 production months.
EFFECTIVE DATES:
January 1, 2000.
ADDRESSES:
See
FOR FURTHER INFORMATION CONTACT
section below.
On August 10, 1999, MMS published a final rule, titled “Amendments to Gas Valuation Regulations for Indian Leases,” with an effective date of January 1, 2000 (64 FR 43506). The gas regulations apply to all gas produced from Indian (tribal or allotted) oil and gas leases (except leases on the Osage Indian Reservation).
The rule requires that MMS publish major portion prices for each designated area not associated with an index zone for each production month beginning January 2000 along with a due date for additional royalty payments. See 30 CFR 206.174(a)(4)(ii) (64 FR 43520, August 10, 1999). If additional royalties are due based on a published major portion price, the lessee must submit an amended Form MMS-2014, Report of Sales and Royalty Remittance, to MMS by the due date. If additional royalties are not paid by the due date, late payment interest under 30 CFR 218.54 (1999) will accrue from the due date until payment is made and an amended Form MMS-2014 is received. The table below lists the major portion prices for all designated areas not associated with an index zone and the due date for payment of additional royalties.
GAS MAJOR PORTION PRICES FOR JANUARY AND FEBRUARY 2000 AND DUE DATES FOR DESIGNATED AREAS NOT ASSOCIATED WITH AN INDEX ZONE
MMS-Designated Areas
January 2000
February 2000
Due Date
Blackfeet Reservation
$1.73/MMBtu
$1.68/MMBtu
08/31/2000
Fort Belknap
3.72/MMBtu
3.81/MMBtu
08/31/2000
Fort Berthold
0.87/MMBtu
1.00/MMBtu
08/31/2000
Fort Peck Reservation
1.47/MMBtu
1.67/MMBtu
08/31/2000
Navajo Allotted Leases in the Navajo Reservation
2.20/MMBtu
2.45/MMBtu
08/31/2000
Rocky Boys Reservation
1.64/MMBtu
1.84/MMBtu
08/31/2000
Turtle Mountain Reservation
1.27/MMBtu
1.27/MMBtu
08/31/2000
Ute Allotted Leases in the Uintah and Ouray Reservation
2.18/MMBtu
2.38/MMBtu
08/31/2000
Ute Tribal Leases in the Uintah and Ouray Reservation
2.18/MMBtu
2.38/MMBtu
08/31/2000
For information on how to report additional royalties due to major portion prices, please refer to our Dear Payor letter dated December 1, 1999.
Use this for formal legal and research references to the published document.
65 FR 45797
Web Citation
Suggested Web Citation
Use this when citing the archival web version of the document.
“Major Portion Prices and Due Dates for Additional Royalty Payments on Indian Gas Production in Designated Areas Not Associated with an Index Zone,” thefederalregister.org (July 25, 2000), https://thefederalregister.org/documents/00-18694/major-portion-prices-and-due-dates-for-additional-royalty-payments-on-indian-gas-production-in-designated-areas-not-asso.