30 CFR Parts 1202, 1204, and 1206, Federal Oil and Gas Valuation

Forms and Documents

Document Name	Status
Form BOEMRE Form MMS-43 Stripper Oil Program Form and Instruction	Removed
Form ONRR-4393 Request to Exceed Regulatory Allowance Limitation Form and Instruction	Modified
0005_publ_30-day_FRN_78_FR_72099_12022013.pdf Supplementary Document	2013-12-02
0005_SS_102113.pdf Supporting Statement A	2013-10-21
0005 60-day FRN-publ 78 FR 14824_3-7-13.pdf Supplementary Document	2013-05-30
30 CFR citations for 0136.pdf Supplementary Document	2010-08-13

IC Document Collections

IC ID	Document Title	Status
193395	Stripper Oil Program Form and Instruction	Removed
187792	Accounting and Auditing Relief for States	Unchanged
187760	Oil and Gas Valuation	Unchanged
187758	Accounting and Auditing Relief for Industry	Unchanged
10869	Request to Exceed Regulatory Allowance Limitation Form and Instruction	Modified

ICR Details

OMB Control No: 1012-0005	ICR Reference No: 201305-1012-002
Status: Historical Active	Previous ICR Reference No: 201103-1012-005
Agency/Subagency: DOI/ONRR	Agency Tracking No: 1012-0005
Title: 30 CFR Parts 1202, 1204, and 1206, Federal Oil and Gas Valuation
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/13/2014
	Date Received in OIRA: 12/02/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2017	36 Months From Approved	01/31/2014
Responses	127	0	277
Time Burden (Hours)	9,198	0	9,378
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): 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 359 Name of Law: pertaining to Acquired Lands
   US Code: 30 USC 189 Name of Law: pertaining to Public Lands
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 14824	03/07/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 72099	12/02/2013
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Accounting and Auditing Relief for States
Request to Exceed Regulatory Allowance Limitation	ONRR-4393	Request to Exceed Regulatory Allowance Limitation
Oil and Gas Valuation
Accounting and Auditing Relief for Industry
Stripper Oil Program	BOEMRE Form MMS-4377	Stripper Royalty Rate Reduction Notification

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ICR Summary of Burden

	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	127	277	0	-150	0	0
Annual Time Burden (Hours)	9,198	9,378	0	-180	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Effective January 1, 2014, the Office of Natural Resources Revenue, who administered the Stripper Oil Program for the Bureau of Land Management (BLM), will discontinue the stripper oil royalty rate reduction requirements in 30 CFR 1210.155. BLM already terminated the reduced royalty rates under this program, established under 43 CFR 3103.4-2, effective February 1, 2006.

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Annual Cost to Federal Government: $478,296

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/02/2013

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