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This final rule revises the regulations in 25 CFR part 226 to strengthen the BIA’s management of the Osage Mineral Estate and improve accounting and production measurement standards; offer consistency in production valuation; address inadequate bonding; support the implementation of electronic reporting systems; enhance accountability; clarify lessees’ obligations; prevent waste; promote safe and environmentally sound operations; and protect resource values.  The Department received Tribal government input through consultation sessions held pursuant to Executive Order 13175 criteria and the Department’s policy on meaningful communication and collaboration with Tribal officials.

Statement of Need:

This final rule will revise the regulations in 25 CFR part 226 to advance the purposes of E.O. 14058; and provide for the implementation of electronic royalty and production reporting systems, reducing administrative burdens on operators, purchasers, and the government, and streamlining accounting and reconciliation processes.

Summary of the Legal Basis:

Public Law 59-321, Public Law 66-360, Public Law 70-919, and Public Law 75-711.