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DOI/ONRR RIN: 1012-AA15 Publication ID: Fall 2015 
Title: Indian Oil Valuation 
Abstract:

The Office of Natural Resources Revenue's 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 provides 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: Completed Actions 
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: 5 U.S.C. 301 et seq.    25 U.S.C. 396    25 U.S.C. 2107    30 U.S.C. 189    30 U.S.C. 190    30 U.S.C. 359    30 U.S.C. 1023    30 U.S.C. 1751(a)    43 U.S.C. 1334    43 U.S.C. 1801 et seq.    44 U.S.C. 3506(a)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/19/2014  79 FR 35102   
NPRM Comment Period End  08/18/2014 
Final Action  05/01/2015  80 FR 24794   
Final Action Effective  07/01/2015 
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