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

Forms and Documents

Document	Type	Status	Availability
Form ONRR-4393 Request to Exceed Regulatory Allowance Limitation	Form and Instruction	Modified	Repair queued
9389.pdf	Supplementary Document	Uploaded 2017-02-06	Available
0005 30-day FRN_01052017cc.doc	Supplementary Document	Uploaded 2017-01-05	Repair queued
0005_SS_01052017cc.doc	Supporting Statement A	Uploaded 2017-01-05	Repair queued
0005_Register_Notice_60-Day.pdf	Supplementary Document	Uploaded 2016-12-13	Repair queued
Form 4393.pdf	Supplementary Document	Uploaded 2016-12-13	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
187792	Accounting and Auditing Relief for States		Modified
187760	Oil and Gas Valuation		Modified
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: 201603-1012-002
Status: Historical Active	Previous ICR Reference No: 201305-1012-002
Agency/Subagency: DOI/ONRR	Agency Tracking No: 1012-0005
Title: Federal Oil and Gas Valuation–30 CFR Parts 1202, 1204, and 1206
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/02/2017
	Date Received in OIRA: 01/31/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2020	36 Months From Approved	03/31/2017
Responses	143	0	127
Time Burden (Hours)	10,018	0	9,198
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): US Code: 30 USC 189 Name of Law: Leases and Prospecting Permits
   US Code: 30 USC 1701 Name of Law: Federal oil and Gas Royalty Management Act of 1982
   US Code: 30 USC 1702 Name of Law: Federal oil and Gas Royalty Management Act of 1980
   US Code: 43 USC 1353 Name of Law: Outer Continental Shelf Lands Act of 1953, Section 27
   US Code: 30 USC 181 Name of Law: The Mineral Leasing Act of 1920
   US Code: 30 USC 359 Name of Law: Lease of Mineral Deposits within Acquired 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:
	81 FR 36325	06/06/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 9389	02/06/2017
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Request to Exceed Regulatory Allowance Limitation	ONRR-4393	Request to Exceed Regulatory Allowance Limitation
Oil and Gas Valuation
Accounting and Auditing Relief for Industry
Accounting and Auditing Relief for States

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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	143	127	0	0	16	0
Annual Time Burden (Hours)	10,018	9,198	0	0	820	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: No

Burden Reduction Due to:

Short Statement: There is an adjustment increase of +820 burden hours. This adjustment is based on analyzed historical data since the last renewal for 1206.153(g), 1206.156(c)(3), 1206.157(a)(1)(i), 1206.157(b)(1), 1206.158(c)(3), 1206.159(a)(1)(i), and 1206.159(b)(1); this also addresses industry’s comments.

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Annual Cost to Federal Government: $661,188

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: 01/31/2017

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