OCS Net Profit Sare Payment Reporting-60 day notice

60 day notice, 20110325.pdf

30 CFR Part 1220, OCS Net Profit Share Payment Reporting

OCS Net Profit Sare Payment Reporting-60 day notice

OMB: 1012-0009

Document [pdf]
Download: pdf | pdf
16816

Federal Register / Vol. 76, No. 58 / Friday, March 25, 2011 / Notices

to OMB to approve this IC. Before
including your address, phone number,
e-mail address, or other personal
identifying information in your
comment, you should be aware that
your entire comment, including your
personal identifying information, may
be made publicly available at any time.
While you can ask us in your comment
to withhold your personal identifying
information from public review, we
cannot guarantee that we will be able to
do so.
Dated: March 22, 2011.
Robert Gordon,
Information Collection Clearance Officer,
National Park Service.
[FR Doc. 2011–7112 Filed 3–24–11; 8:45 am]
BILLING CODE P

DEPARTMENT OF THE INTERIOR
Office of Natural Resources Revenue
[Docket No. ONRR–2011–0006]

Agency Information Collection
Activities: Proposed Collection,
Comment Request
Office of Natural Resources
Revenue (ONRR), Interior.
ACTION: Notice of a revision of a
currently approved information
collection (OMB Control Number 1012–
0009, formerly 1010–0073).
AGENCY:

To comply with the
Paperwork Reduction Act of 1995
(PRA), we are inviting comments on a
collection of information that we will
submit to the Office of Management and
Budget (OMB) for review and approval.
This information collection request
(ICR) was formerly approved under
OMB Control Number 1010–0073. After
the Secretary of the Interior established
ONRR (the former Minerals Revenue
Management, a program under the
Minerals Management Service) on
October 1, 2010, OMB approved a new
series number for ONRR and
renumbered our ICRs. Also, effective
October 1, 2010, ONRR reorganized and
transferred their regulations from
chapter II to chapter XII in title 30 of the
Code of Federal Regulations (CFR),
resulting in a change in our citations.
This ICR covers the paperwork
requirements in the regulations under
30 CFR part 1220 (previously 30 CFR
part 220). The revised title of this
information collection request (ICR) is
‘‘30 CFR Part 1220, OCS Net Profit Share
Payment Reporting.’’ There are no forms
associated with this information
collection.

erowe on DSK5CLS3C1PROD with NOTICES

SUMMARY:

VerDate Mar<15>2010

15:16 Mar 24, 2011

Jkt 223001

Submit written comments on or
before May 24, 2011.
ADDRESSES: You may submit comments
on this ICR to ONRR by any of the
following methods. Please use ‘‘ICR
1012–0009’’ as an identifier in your
comment.
• Electronically go to http://
www.regulations.gov. In the entry titled
‘‘Enter Keyword or ID,’’ enter ONRR–
2011–0006, and then click search.
Follow the instructions to submit public
comments. The ONRR will post all
comments.
• Mail comments to Armand
Southall, Regulatory Specialist, Office of
Natural Resources Revenue, P.O. Box
25165, MS 61013B, Denver, Colorado
80225. Please reference ICR 1012–0009
in your comments.
• Hand-carry comments or use an
overnight courier service. Our courier
address is Building 85, Room A–614,
Denver Federal Center, West 6th Ave.
and Kipling St., Denver, Colorado
80225. Please reference ICR 1012–0009
in your comments.
FOR FURTHER INFORMATION CONTACT: For
questions on technical issues, contact
Mary Ann Guilinger, Audit and
Compliance Management (ACM), Office
of Natural Resources Revenue (ONRR),
telephone (303) 231–3408, or e-mail
[email protected]. For other
comments or questions, contact Armand
Southall, Project Management Office—
Regulations, ONRR, telephone (303)
231–3221, or e-mail
[email protected]. You may
contact Mr. Southall to obtain copies, at
no cost, of (1) the ICR and (2) the
regulations that require the subject
information collection.
SUPPLEMENTARY INFORMATION:
Title: 30 CFR Part 1220, OCS Net
Profit Share Payment Reporting.
OMB Control Number: 1012–0009.
Bureau Form Number: None.
Abstract: The Secretary of the
Department of the Interior is responsible
for collecting royalties from lessees who
produce minerals from leased Federal
and Indian lands and the Outer
Continental Shelf (OCS). The Secretary
is required by various laws to manage
mineral resources production on
Federal and Indian lands and the OCS,
collect the royalties due, and distribute
the funds collected in accordance with
those laws. The ONRR performs the
royalty management functions for the
Secretary.
Public laws pertaining to mineral
leases on Federal and Indian lands and
the OCS are posted at http://
www.onrr.gov/Laws_R_D/
PublicLawsAMR.htm.
DATES:

PO 00000

Frm 00093

Fmt 4703

Sfmt 4703

I. General Information
The ONRR collects and uses this
information to determine all allowable
direct and allocable joint costs and
credits under § 1220.011 incurred
during the lease term, appropriate
overhead allowance permitted on these
costs under § 1220.012, and allowances
for capital recovery calculated under
§ 1220.020. The ONRR also collects this
information to ensure royalties or net
profit share payments are accurately
valued and appropriately paid. This ICR
affects only oil and gas leases on
submerged Federal lands on the OCS.
II. Information Collections
Title 30 CFR part 1220 covers the net
profit share lease (NPSL) program and
establishes reporting requirements for
determining the net profit share base
and calculating net profit share
payments due the Federal Government
for the production of oil and gas from
leases.
A. NPSL Bidding System
To encourage exploration and
development of oil and gas leases on
submerged Federal lands on the OCS,
the Bureau of Ocean Energy
Management, Regulation, and
Enforcement (BOEMRE, the former
Offshore Energy and Minerals
Management [OEMM] of Minerals
Management Service [MMS])
promulgated regulations at 30 CFR
260—Outer Continental Shelf Oil and
Gas Leasing. Also, BOEMRE
promulgated specific implementing
regulations for the NPSL bidding system
at § 260.110(d). The BOEMRE, formerly
OEMM/MMS, established the NPSL
bidding system to balance a fair market
return to the Federal Government for the
lease of its public lands with a fair profit
to companies risking their investment
capital. The system provides an
incentive for early and expeditious
exploration and development and
provides for sharing the risks by the
lessee and the Federal Government. The
NPSL bidding system incorporates a
fixed capital recovery system as a means
through which the lessee recovers costs
of exploration and development from
production revenues, along with a
reasonable return on investment.
B. NPSL Capital Account
The Federal Government does not
receive a profit share payment from an
NPSL until the lessee shows a credit
balance in its capital account, that is,
when cumulative revenues and other
credits exceed cumulative costs. Lessees
multiply the credit balance by the net
profit share rate (30 to 50 percent),
resulting in the amount of net profit

E:\FR\FM\25MRN1.SGM

25MRN1

16817

Federal Register / Vol. 76, No. 58 / Friday, March 25, 2011 / Notices
share payment due the Federal
Government.
The ONRR requires lessees to
maintain an NPSL capital account for
each lease under § 1220.010, which
transfers to a new owner when sold.
Following the cessation of production,
lessees are also required to provide
either an annual or a monthly report to
the Federal Government, using data
from the capital account.
C. NPSL Inventories
The NPSL lessees must notify ONRR
of their intent to perform an inventory
and file a report after each inventory of
controllable materiel under § 1220.032.
D. NPSL Audits
When non-operators of an NPSL call
for an audit, they must notify ONRR.
When ONRR calls for an audit, the
lessee must notify all non-operators on

the lease. These requirements are
located at § 1220.033.
III. OMB Approval
The information we collect under this
ICR is essential in order to determine
when net profit share payments are due
and to ensure lessees properly value and
pay royalties or net profit share
payments.
The ONRR will request OMB’s
approval to continue to collect this
information. Not collecting this
information would limit the Secretary’s
ability to discharge fiduciary duties and
may also result in the inability to
confirm the accurate royalty value.
Proprietary information submitted to
ONRR under this collection is protected,
and no items of a sensitive nature are
collected.
Frequency: Annually, monthly, and
on occasion.

Estimated Number and Description of
Respondents: 6 lessees.
Estimated Annual Reporting and
Recordkeeping ‘‘Hour’’ Burden: 1,046
hours.
All six lessees report monthly because
all current NPSLs are in producing
status. Because the requirements for
establishment of capital accounts at
§ 1220.010(a) and reporting of annual
capital account at § 1220.031(a) are
necessary only during non-producing
status of a lease, we included only one
response annually for these
requirements, in case a new NPSL is
established. We have not included in
our estimates certain requirements
performed in the normal course of
business, which are considered usual
and customary. The following chart
shows the estimated annual burden
hours by CFR section and paragraph.

RESPONDENTS’ ESTIMATED ANNUAL BURDEN HOURS
Citation 30 CFR 1220

Reporting and recordkeeping requirement

Number of
annual
responses

Hour burden

Annual burden
hours

PART 1220—Accounting Procedures for Determining Net Profit Share Payment for Outer Continental Shelf Oil and Gas Leases
§ 1220.010 NPSL capital account.
1220.010(a) ....................

(a) For each NPSL tract, an NPSL capital account shall be established and maintained by the lessee for NPSL operations.
§ 1220.030

1220.030(a) and (b) .......

1

1

6

6

Reporting and payment requirements

1220.031(a) ....................

(a) Each lessee subject to this part shall file an annual report
during the period from issuance of the NPSL until the first
month in which production revenues are credited to the NPSL
capital account.

1

1

1

1220.031(b) ....................

(b) Beginning with the first month in which production revenues
are credited to the NPSL capital account, each lessee. shall
file a report for each NPSL, not later than 60 days following the
end of each month.

13

72

936

1220.031(c) ....................

(c) Each lessee subject to this Part 1220 shall submit, together
with the report required . . . any net profit share payment due.

1220.031(d) ....................

(d) Each lessee . . . shall file a report not later than 90 days
after each inventory is taken.

8

6

48

1220.031(e) ....................

(e) Each lessee . . . shall file a final report, not later than 60
days following the cessation of production.

4

6

24

1

6

6

§ 1220.032
erowe on DSK5CLS3C1PROD with NOTICES

1

Maintenance of records

(a) Each lessee . . . shall establish and maintain such records
as are necessary.
§ 1220.031

1

1220.032(b) ....................

VerDate Mar<15>2010

Burden hours covered under § 1220.031(b).

Inventories

(b) At reasonable intervals, but at least once every three years,
inventories of controllable materiel shall be taken by the lessee. Written notice of intention to take inventory shall be given
by the lessee at least 30 days before any inventory is to be
taken so that the Director may be represented at the taking of
inventory.

15:16 Mar 24, 2011

Jkt 223001

PO 00000

Frm 00094

Fmt 4703

Sfmt 4703

E:\FR\FM\25MRN1.SGM

25MRN1

16818

Federal Register / Vol. 76, No. 58 / Friday, March 25, 2011 / Notices
RESPONDENTS’ ESTIMATED ANNUAL BURDEN HOURS—Continued

Citation 30 CFR 1220

Reporting and recordkeeping requirement

Number of
annual
responses

Hour burden

Annual burden
hours

erowe on DSK5CLS3C1PROD with NOTICES

§ 1220.033 Audits
1220.033(b)(1) ................

(b)(1) When nonoperators of an NPSL lease call an audit in accordance with the terms of their operating agreement, the Director shall be notified of the audit call..

2

6

12

1220.033(b)(2) ................

(b)(2) If DOI determines to call for an audit, DOI shall notify the
lessee of its audit call and set a time and place for the audit
. . . The lessee shall send copies of the notice to the nonoperators on the lease..

2

6

12

1220.033(e) ....................

(e) Records required to be kept under § 1220.030(a) shall be
made available for inspection by any authorized agent of DOI..

The Office of Regulatory Affairs determined that
the audit process is exempt from the Paperwork
Reduction Act of 1995 because MMS staff asks
non-standard questions to resolve exceptions.

Total Burden ...........

.........................................................................................................

........................

Estimated Annual Reporting and
Recordkeeping ‘‘Non-hour’’ Cost Burden:
We have identified no ‘‘non-Hour cost’’
burdens.
Public Disclosure Statement: The PRA
(44 U.S.C. 3501 et seq.) provides that an
agency may not conduct or sponsor, and
a person is not required to respond to,
a collection of information unless it
displays a currently valid OMB control
number.
Comments: Before submitting an ICR
to OMB, PRA Section 3506(c)(2)(A)
requires each agency to ‘‘* * * provide
60-day notice in the Federal Register
* * * and otherwise consult with
members of the public and affected
agencies concerning each proposed
collection of information * * *.’’
Agencies must specifically solicit
comments to: (a) Evaluate whether the
proposed collection of information is
necessary for the agency to perform its
duties, including whether the
information is useful; (b) evaluate the
accuracy of the agency’s estimate of the
burden of the proposed collection of
information; (c) enhance the quality,
usefulness, and clarity of the
information to be collected; and (d)
minimize the burden on the
respondents, including the use of
automated collection techniques or
other forms of information technology.
The PRA also requires agencies to
estimate the total annual reporting ‘‘nonhour cost’’ burden to respondents or
recordkeepers resulting from the
collection of information. If you have
costs to generate, maintain, and disclose
this information, you should comment
and provide your total capital and
startup cost components or annual
operation, maintenance, and purchase
of service components. You should
describe the methods you use to

VerDate Mar<15>2010

17:35 Mar 24, 2011

Jkt 223001

estimate major cost factors, including
system and technology acquisition,
expected useful life of capital
equipment, discount rate(s), and the
period over which you incur costs.
Capital and startup costs include,
among other items, computers and
software you purchase to prepare for
collecting information; monitoring,
sampling, and testing equipment; and
record storage facilities. Generally, your
estimates should not include equipment
or services purchased: (i) Before October
1, 1995; (ii) to comply with
requirements not associated with the
information collection; (iii) for reasons
other than to provide information or
keep records for the Government; or (iv)
as part of customary and usual business
or private practices.
We will summarize written responses
to this notice and address them in our
ICR submission for OMB approval,
including appropriate adjustments to
the estimated burden. We will provide
a copy of the ICR to you without charge
upon request. We also will post the ICR
at http://www.onrr.gov/Laws_R_D/
FRNotices/FRInfColl.htm.
Public Comment Policy: We will post
all comments, including names and
addresses of respondents, at http://
regulations.gov. Before including your
address, phone number, e-mail address,
or other personal identifying
information in your comment, be
advised that your entire comment—
including your personal identifying
information—may be made publicly
available at any time. While you can ask
us in your comment to withhold from
public view your personal identifying
information, we cannot guarantee that
we will be able to do so.

PO 00000

Frm 00095

Fmt 4703

Sfmt 4703

110

1,046

ONRR Information Collection
Clearance Officer: Rachel Drucker (202)
208–3568.
Dated: March 22, 2011.
Gregory J. Gould,
Director for Office of Natural Resources
Revenue.
[FR Doc. 2011–7140 Filed 3–24–11; 8:45 am]
BILLING CODE 4310–MR–P

DEPARTMENT OF THE INTERIOR
Bureau of Reclamation
Central Valley Project Improvement
Act, Standard Criteria for Ag and
Urban Water Management Plans
AGENCY:

Bureau of Reclamation,

Interior.
ACTION:

Notice of availability.

The ‘‘Standard Criteria for
Agricultural and Urban Water
Management Plans’’ (Criteria) are now
available for public comment. To meet
the requirements of the Central Valley
Project Improvement Act of 1992
(CVPIA) and the Reclamation Reform
Act of 1982 (RRA), the Bureau of
Reclamation (Reclamation) developed
and published the Criteria. The Criteria
apply to any Water Management Plans
(Plans) submitted to Reclamation as
required by applicable Central Valley
Project (CVP) water service contracts,
settlement contracts, or any contracts
that specifically invokes the Criteria.
Note: For the purpose of this
announcement, Water Management
Plans are considered the same as Water
Conservation Plans.

SUMMARY:

Submit written comments by
April 25, 2011.

DATES:

E:\FR\FM\25MRN1.SGM

25MRN1


File Typeapplication/pdf
File TitleDocument
SubjectExtracted Pages
AuthorU.S. Government Printing Office
File Modified2011-03-24
File Created2011-03-24

© 2024 OMB.report | Privacy Policy