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| 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 | |
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Legal Deadline:
None |
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Timetable:
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| 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 | |
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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 |
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