30 CFR Parts 202, 204, and 206, Federal Oil and Gas Valuation

ICR 200901-1010-002

OMB: 1010-0136

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2009-03-10
Supporting Statement A
2009-03-05
Supplementary Document
2009-02-18
Supplementary Document
2009-02-13
ICR Details
1010-0136 200901-1010-002
Historical Active 200605-1010-002
DOI/BOEM
30 CFR Parts 202, 204, and 206, Federal Oil and Gas Valuation
Extension without change of a currently approved collection   No
Regular
Approved without change 06/30/2009
Retrieve Notice of Action (NOA) 03/10/2009
  Inventory as of this Action Requested Previously Approved
06/30/2012 36 Months From Approved 06/30/2009
98 0 107
21,055 0 20,504
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 and gas produced from Federal leases, both onshore and offshore. The regulations mandate that companies collect and/or submit information used to value their Federal oil and gas, including transportation and processing regulatory allowance limit information.

PL: Pub.L. 97 - 451 101 Name of Law: Federal Oil and Gas Royalty Management Act of 1982
  
None

Not associated with rulemaking

  73 FR 47969 08/15/2008
74 FR 10265 03/10/2009
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 98 107 0 -8 -1 0
Annual Time Burden (Hours) 21,055 20,504 0 0 551 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
There is an adjustment increase of 551 hours due to recalculating the estimated number of submissions and hour burden based on actual historical response data and the consolidation relevant parts for two ICRs.

$1,263,300
No
No
Uncollected
Uncollected
No
Uncollected
Armand Southall 303 231-3221 [email protected]

  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.
03/10/2009


© 2024 OMB.report | Privacy Policy