Risk Management and Financial Assurance for OCS Lease and Grant Obligations

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form BOEM-0140 Bottomhole Pressure Survey Report	Form	Unchanged	Available
Form BOEM-0127 Sensitive Reservoir Information (SRI) Report	Form	Unchanged	Available
Form BOEM-0127 Subpart K 550.1153-1167 - Well Surveys and Reservoirs	Form	Unchanged	Repair queued
Form BOEM-1123 Designation of Operator	Form	Unchanged	Available
Form BOEM-1123 550.143-145 - Designation of Operator - Form BOEM-1123	Form	Unchanged	Available
Form BOEM-1832 Notification of Incidents of Noncompliance	Form and Instruction	Unchanged	Available
Form BOEM-1832 550.101; 135; 136 - Form BOEM-1832	Form and Instruction	Unchanged	Repair queued
04.17.2024_OMB Supporting Statement 1010-AE00 Risk_0114.docx	Supporting Statement A	Uploaded 2024-04-17	Repair queued
30 CFR Part 550 (up to date as of 10-11-2022).pdf	Supplementary Document	Uploaded 2022-10-13	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
38184	550.115-116; 119 - Performance Standards		Unchanged
199682	Subpart K 550.1153-1167 - Well Surveys and Reservoirs	Form	Unchanged	Bottomhole Pressure Survey Report
199682	Subpart K 550.1153-1167 - Well Surveys and Reservoirs	Form	Unchanged	Sensitive Reservoir Information (SRI) Report
199682	Subpart K 550.1153-1167 - Well Surveys and Reservoirs	Form	Unchanged
199682	Subpart K 550.1153-1167 - Well Surveys and Reservoirs	Instruction	Unchanged
179170	550.135; 136 - Recordkeeping		Unchanged
179167	550.135; 136; 186-191; 193-197; 101-199 Information and Reporting Requirements		Unchanged
179166	550.181-185; 194 - Primary Lease Requirements, Lease Term Extensions, and Lease Cancellations		Unchanged
179157	550.160; 165-166; 123 - Right-of-use and Easement (State Leases)		Unchanged
179156	550.123; 160-161; 166 - Right-of-use and Easement		Unchanged
179154	550.143-145 - Designation of Operator - Form BOEM-1123	Form	Unchanged	Designation of Operator
179154	550.143-145 - Designation of Operator - Form BOEM-1123	Form	Unchanged
179154	550.143-145 - Designation of Operator - Form BOEM-1123	Instruction	Unchanged
179153	550.101-199; 125; 140-142 - Special Types of Approval		Unchanged
179151	550.135-136 - Compliance		Unchanged
179150	550.101; 135; 136 - Form BOEM-1832	Form and Instruction	Unchanged	Notification of Incidents of Noncompliance
179150	550.101; 135; 136 - Form BOEM-1832	Form and Instruction	Unchanged

ICR Details

OMB Control No: 1010-0114	ICR Reference No: 202310-1010-003
Status: Active	Previous ICR Reference No: 202306-1010-003
Agency/Subagency: DOI/BOEM	Agency Tracking No: 1010-AE14
Title: Risk Management and Financial Assurance for OCS Lease and Grant Obligations
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: 07/16/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/24/2024
Terms of Clearance: In accordance with 5 CFR 1320.11, the information collection is approved for three years.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2027	36 Months From Approved	05/31/2026
Responses	5,621	0	5,621
Time Burden (Hours)	27,849	0	27,849
Cost Burden (Dollars)	165,492	0	165,492

---

Abstract: The Department of the Interior, acting through BOEM, is finalizing new regulations to modify its criteria for determining whether oil, gas, and sulfur lessees, right-of-use and easement grant holders, and pipeline right-of-way grant holders are required to provide bonds or other financial assurance above the regulatorily prescribed base bonds to ensure compliance with their Outer Continental Shelf Lands Act obligations. This final rule will: streamline the criteria used for evaluating the financial health of lessees and grantees; codify the utilization of the Bureau of Safety and Environmental Enforcement’s probabilistic estimates of decommissioning cost for determining the amount of supplemental financial assurance required; remove restrictive provisions for third-party guarantees and decommissioning accounts; add new criteria for which a bond or third-party guarantee that was provided as supplemental financial assurance may be canceled; and clarify bonding requirements for RUEs serving Federal leases. On June 29, 2023, BOEM published a notice of proposed rulemaking in the Federal Register at 88 FR 42136 which proposed amendments that impact this information collection. BOEM is submitting this information collection clearance package to request OMB approval for revision of OMB control number 1010-0114.

---

Authorizing Statute(s): US Code: 43 USC 1331 et seq. + 1801 et seq. Name of Law: Outer Continental Shelf Lands Act
   US Code: 31 USC 9701 Name of Law: Independent Offices Appropriations Act
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1010-AE14	Final or interim final rulemaking	89 FR 31544	04/24/2024

---

Federal Register Notices & Comments
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 31544	04/24/2024
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 11

table that charts list of burden

IC Title	Form No.	Form Name
550.101-199; 125; 140-142 - Special Types of Approval
550.101; 135; 136 - Form BOEM-1832	BOEM-1832	Notification of Incidents of Noncompliance
550.115-116; 119 - Performance Standards
550.123; 160-161; 166 - Right-of-use and Easement
550.135-136 - Compliance
550.135; 136 - Recordkeeping
550.135; 136; 186-191; 193-197; 101-199 Information and Reporting Requirements
550.143-145 - Designation of Operator - Form BOEM-1123	BOEM-1123	Designation of Operator
550.160; 165-166; 123 - Right-of-use and Easement (State Leases)
550.181-185; 194 - Primary Lease Requirements, Lease Term Extensions, and Lease Cancellations
Subpart K 550.1153-1167 - Well Surveys and Reservoirs	BOEM-0127, BOEM-0140	Sensitive Reservoir Information (SRI) Report ,   Bottomhole Pressure Survey Report

---

ICR Summary of Burden

table that charts list 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	5,621	5,621	0	0	0	0
Annual Time Burden (Hours)	27,849	27,849	0	0	0	0
Annual Cost Burden (Dollars)	165,492	165,492	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:

---

Annual Cost to Federal Government: $1,608,299

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

---

Common Form ICR:  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:

(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: 04/24/2024

---