View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
DOI/ONRR RIN: 1012-AA15 Publication ID: Fall 2014 
Title: Indian Oil Valuation 
Abstract: This rule is the result of a negotiated rulemaking with the Tribes and addresses concerns with the major portion provision of the Indian oil and gas regulations. Generally, Indian leases have a provision that establishes the value of their oil at the highest price paid for a major portion of production of like-quality oil from the same field or area. This rule will provide clarity and certainty while assuring that Tribes and allottees receive, in a timely fashion, royalties that satisfy the major portion provision contained in most Indian leases. 
Agency: Department of the Interior(DOI)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 30 CFR 1206, subpart B     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: Not Yet Determined   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/19/2014  79 FR 35102   
NPRM Comment Period End  08/18/2014 
Final Action  01/00/2015 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Latell Armand Southall
Regulatory Specialist
Department of the Interior
Office of Natural Resources Revenue
MS 64400B, P.O. Box 25165,
Denver, CO 80225-0165
Phone:303 231-3221
Fax:303 231-3362
Email: armand.southall@onrr.gov