The MMS seeks through three pilot
programs to evaluate the feasibility and cost-effectiveness of
taking Federal oil and gas royalities as an "in-kind" share of
production (RIK) rather than as a share of the value recognized
from sale by the lessee royality payment. MMS willl monetize the
royality production it takes and appropriately distribute the
resulting revenues. The spreadsheets will electronically generate a
form MMS-2014 reporting payments for RIK production by RIK
purchasers. Lessees will not pay or report royalities on these
volumes. MMS will use the spreadsheet generated form 2014 data to
monitor, account....
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.