Extension without change of a currently approved collection
No
Regular
Approved without change
06/30/2009
03/10/2009
table that charts list comparision
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
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.
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.