Federal Oil Valuation - RIN1010-AD04

Federal Oil Valuation

2004 - MRM Final Rule Stage

OMB Control Number 1010-AD04
(formerly 1010-AC09)

Rule in Progress

Abstract: This rule would amend the existing rule governing valuation for royalty purposes of crude oil produced from Federal leases. These changes would refine several technical aspects of this rule relating to which published market prices are most appropriate to value crude oil not sold at arm's-length and what transportation deductions should be allowed.

CFR Citation: 30 CFR Part 206; 30 CFR 210

Notice of Proposed Rulemaking (NPRM): 08/20/03 68 FR 50087
NPRM Comment Period End: 09/19/03
NPRM Comment Period Reopened: 09/26/03 68 FR 55556
NPRM Comment Period End: 11/10/03
FInal Action: 07/00/04

Federal Oil Valuation, Final rule--technical amendment.
The July 6, 2004, effective date of the final rule originally published May 5, 2004, entitled "Federal Oil Valuation," is changed to August 1, 2004, to correct an inadvertent clerical error. The correct effective date of the rule published on May 5, 2004, at 69 FR 24959, is August 1, 2004.

Federal Oil Valuation (Final Rule)
MMS is amending the existing regulations governing the valuation of crude oil produced from Federal leases for royalty purposes, and related provisions governing the reporting thereof. Effective date: August 1, 2004 (69 FR 24959--May 5, 2004)

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Federal Oil Valuation Proposed Rule
Reopening of comment period (68 FR 55556-September 26, 2003)
Public Comments received

Federal Oil Valuation Proposed Rule
(68 FR 50087--August 20, 2003)
Public Comments received

MMS Proposes Changes to Regulations for Valuing Federal Oil
Press Release - August 20, 2003

Related Federal Register Notices:

Notice of public workshops To Discuss Specific Issues Regarding the Existing Rule (68 FR 7086--February 12, 2003)
Public Comments received (68 FR 7086)

Notice of Market Centers (65 FR 38299--June 20, 2000)

Notice of Approved Publications (65 FR 37043--June 13, 2000)

Training Sessions on the New Federal Oil Valuation Regulations
(65 FR 24387--April 26, 2000)

Final Rule (65 FR 14022--March 15, 2000)

Notice; correction (65 FR 3167--January 20, 2000

Notice of cancellation and rescheduling of public workshops on Further Supplementary Proposed Rule
(65 FR 1580--January 11, 2000)
- January 18, 2000
  Workshop Minutes - Denver, Colorado
- January 19, 2000
  Workshop Minutes - Houston, Texas
- January 20, 2000
  Workshop Minutes - Washington, DC

Further Supplementary Proposed Rule
(64 FR 73820--December 30, 1999)
Public Comments (64 FR 73820)

Notice of public workshops on Further Supplementary Proposed Rule
(64 FR 73458--December 30, 1999)

Supplementary Proposed Rule; Notice of extension of public comment period
(64 FR 17990--April 13, 1999)

Notice of extended workshops on Proposed Rule
(64 FR 15949--April 2, 1999)

Notice of reopening public comment period and notice of workshops
(64 FR 12267--March 12, 1999)
Public Comments received

September 1, 1998
MMS Response to Oil Valuation Issues in House Report 105-609

August 31, 1998
Letter from Bob Armstrong, Assistant Secretary, Land and Minerals Management - Outline of the direction the Department of the Interior plans to take on the major issues in the final Federal oil valuation rule

July 30, 1998
Amended Notes--Meeting sponsored by Rep's Miller and Maloney--
Proposed Rule - Capitol Building

July 30, 1998
Congress of the United States, Washington, DC
Comments from George Miller, Senior Democrat, Resources Committee
and Barbara Boxer, United States Senator

July 28, 1998
Minutes--Meeting Between Senate Staff and the Department of the Interior (DOI) - Proposed Rule - Senate Hart Building

Further Supplementary Proposed Rule; Notice of extension of public comment period (63 FR 40073--July 27, 1998)
Public Comments received

July 22, 1998
Meeting Notes on proposed rule
Senate Dirksen Building

Further Supplementary Proposed Rule
(63 FR 38355--July 16, 1998)

July 9, 1998
Meeting Notes on proposed rule
Senate Russell Building

Notice of reopening the public comment period
(63 FR 36868--July 8, 1998)

Supplementary Proposed Rule; Notice of extension of public comment period
(63 FR 14057--March 24, 1998)
Public Comments received

Notice of Public Meetings on Supplementary Proposed Rule
(63 FR 6887--February 11, 1998)
- February 18, 1998
  Public Hearing - Houston, TX
- February 25, 1998
  Public Meeting - Washington, DC
- March 2, 1998
  Public Meeting - Lakewood, CO
- March 11, 1998
  Public Hearing - Bakersfield, CA

Supplementary Proposed Rule
(63 FR 6113--February 6, 1998)

Notice of public workshop and reopening of comment period
(62 FR 55198--October 23, 1997)
Public Comments received
- October 27, 1997
  Workshop Notes: Washington, DC

Notice of workshops on Proposed Rule
(62 FR 52518--October 8, 1997)
- October 14, 1997
  Second Workshop Notes: Houston, Texas
- October 16, 1997
  Workshop Notes: Bakersfield, California
- October 16, 1997
  Workshop Notes: Casper, Wyoming
- October 21, 1997
  Workshop Notes: Roswell, New Mexico

Notice of workshops on Proposed Rule
(62 FR 50544--September 26, 1997)
- September 30 through October 1, 1997
  Workshop Notes: Denver, Colorado
- October 7 and 8, 1997
  Workshop Notes: Houston, Texas

Notice of reopening the public comment period
(62 FR 49460--September 22, 1997)

Supplementary Proposed Rule
(62 FR 36030--July 3, 1997)
Public Comments received

Proposed rule; notice of extension of public comment period
(62 FR 19966--April 24, 1997)

Notice of revised meeting dates
(62 FR 7965--February 21, 1997)

Proposed rule; notice of extension of public comment period
(62 FR 7189--February 18, 1997)

Notice of Meetings on Proposed Rule
(62 FR 5355--February 5, 1997)

Notice of Proposed Rulemaking
(62 FR 3742--January 24, 1997)
Public Comments received

Advance Notice of Proposed Rulemaking
(60 FR 65610--December 20, 1995)
Public Comments received

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