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DOI/BSEE | RIN: 1014-AA50 | Publication ID: Fall 2020 |
Title: ●Update of Regulations on Relief or Reduction in Royalty Rates | |
Abstract:
BSEE has reviewed its current regulations pertaining to royalty relief and is considering modifications to streamline the current provisions related to royalty relief, in order to reduce certain unnecessary regulatory burdens imposed under the existing regulations. BSEE's modifications to the existing regulations would increase transparency, efficiency, and clarity consistent with governing law. Appropriately awarded royalty relief helps to ensure America has a stable, long-term energy supply while protecting the American public (i.e., relief only provided when a lease/project is uneconomic paying full royalty). In addition, BSEE is considering modifications for a streamlined approach during presidential declared emergencies. |
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Agency: Department of the Interior(DOI) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Deregulatory | |
CFR Citation: 30 CFR part 203 (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 43 U.S.C. 1337(a)(3)(A) 43 U.S.C. 1337(a)(3)(B) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Yes | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: Yes | |
Agency Contact: Kirk Malstrom Chief, Regulations and Standards Branch Department of the Interior Bureau of Safety and Environmental Enforcement 45600 Woodland Road, Sterling, VA 20166 Phone:703 787-1751 Fax:703 787-1555 Email: kirk.malstrom@bsee.gov |