30 CFR Parts 202, 204, 206, and 210, Federal Oil and Gas Valuation

ICR 201006-1010-006

OMB: 1010-0136

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
New
Form and Instruction
Modified
Supplementary Document
2010-09-07
Supporting Statement A
2010-09-02
Supplementary Document
2010-08-13
Supplementary Document
2010-08-13
ICR Details
1010-0136 201006-1010-006
Historical Active 200901-1010-002
DOI/BOEM
30 CFR Parts 202, 204, 206, and 210, Federal Oil and Gas Valuation
Revision of a currently approved collection   No
Regular
Approved without change 12/01/2010
Retrieve Notice of Action (NOA) 09/07/2010
  Inventory as of this Action Requested Previously Approved
12/31/2013 36 Months From Approved 06/30/2012
277 0 98
9,378 0 21,055
0 0 0

Market value is a basic principle underlying royalty valuation. Therefore, BOEM 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. 104 - 185 101 Name of Law: Federal Oil and Gas Royalty Simplification and Fairness Act of 1996
   US Code: 30 USC 192 Name of Law: The Mineral Leasing Act of 1920
   US Code: 43 USC 1353 Name of Law: Outer Continental Shelf Lands Act of 1953, Section 27
   PL: Pub.L. 97 - 451 101 Name of Law: Federal Oil and Gas Royalty Management Act of 1982
   US Code: 30 USC 189 Name of Law: pertaining to Public Lands
   US Code: 30 USC 359 Name of Law: pertaining to Acquired Lands
  
None

Not associated with rulemaking

  75 FR 18525 04/12/2010
75 FR 54164 09/03/2010
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 277 98 0 150 29 0
Annual Time Burden (Hours) 9,378 21,055 0 180 -11,857 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
There is a program change increase of 180 hours as a result of consolidating ICR 1010-0090 with ICR1010-0136. After the consolidation is approved by OMB, MRM will discontinue ICR 1010-0090. There is an adjustment decrease of 11,857 hours, which is due to more accurate estimates by MRM program staff of the time it takes industry to complete the requirements. We revised the burden hour estimates based on ongoing contact and interaction with companies to resolve questions as they arise.

$562,680
No
No
No
No
No
Uncollected
Hyla Hurst 303-231-3495 [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.
09/07/2010


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