Royality-in-Kind Pilot Program: Operations Communication with Purchasers of RIK Federal Oil and Gas Purchase System and Joint Effort Royality Oil and Gas Purchase System

ICR 199901-1010-003

OMB: 1010-0126

Federal Form Document

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Name
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ICR Details
1010-0126 199901-1010-003
Historical Active
DOI/BOEM
Royality-in-Kind Pilot Program: Operations Communication with Purchasers of RIK Federal Oil and Gas Purchase System and Joint Effort Royality Oil and Gas Purchase System
New collection (Request for a new OMB Control Number)   No
Emergency 01/28/1999
Approved without change 01/29/1999
Retrieve Notice of Action (NOA) 01/27/1999
While OMB appreciates the need for emergency approvals in a number of cases, including pilot programs, there is a legitimate concern about the overly routine manner in which the agency has requested an almost immediate review. The agency should endeavor to improve its planning processes such that these curtailed review times are unnecessary.
  Inventory as of this Action Requested Previously Approved
02/29/2000 02/29/2000
2,925 0 0
97 0 0
0 0 0

MMS seeks, through three pilot programs, to evaluate the feasibility and cost-effectiveness of taking Federal oil and gas royalties as an 'in-kind' share of production (RIK) rather than as a share of the value recognized from sale by the lessee (a royalty payment). MMS will monetize the royalty production it takes and appropriately disribute the resulting revenues. The electronic communications between operators and purchasers of RIK will support efficient transfer of RIK from the operators to the purchasers, resolve transportation issues, & make adjustments to the amount delivered such that the amount of RIK delivered meets

None
None


No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 2,925 0 0 2,925 0 0
Annual Time Burden (Hours) 97 0 0 97 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

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.
01/27/1999


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