30 CFR Part 206--Product Valuation, Subpart C, Federal Oil and Subpart D, Federal (Form MMS-4393, Request to Exceed Regulatory Allowance Limitation).

ICR 200505-1010-004

OMB: 1010-0136

Federal Form Document

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No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1010-0136 200505-1010-004
Historical Active 200302-1010-002
DOI/BOEM
30 CFR Part 206--Product Valuation, Subpart C, Federal Oil and Subpart D, Federal (Form MMS-4393, Request to Exceed Regulatory Allowance Limitation).
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 05/25/2005
Retrieve Notice of Action (NOA) 05/25/2005
  Inventory as of this Action Requested Previously Approved
06/30/2006 06/30/2006 05/31/2006
97 0 69
13,863 0 12,431
0 0 0

Market value is a basic principle underlying royalty valuation. Therefore, MMS has developed methods to capture the true market value of crude oil produced from Federal leases, both onshore and offshore. The regulations at 30 CFR Part 206, Subpart C, require companies to collect and/or submit information used to value their Federal oil. MMS uses the information colleclted to ensure that proper royalty is paid on oil produced from Federal onshore and offshore leases.

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 97 69 0 0 28 0
Annual Time Burden (Hours) 13,863 12,431 0 0 1,432 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
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.
05/25/2005


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