30 CFR 550, 556, and 560, Leasing of Sulfur or Oil and Gas in the Outer Continental Shelf

ICR 202506-1010-001

OMB: 1010-0006

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1010-0006 202506-1010-001
Received in OIRA 202502-1010-003
DOI/BOEM 1010-AE26 NPRM
30 CFR 550, 556, and 560, Leasing of Sulfur or Oil and Gas in the Outer Continental Shelf
Revision of a currently approved collection   No
Regular 03/10/2026
  Requested Previously Approved
36 Months From Approved 07/31/2027
22,112 22,090
22,033 22,012
766,053 766,053

The Department of the Interior, acting through the Bureau of Ocean Energy Management (BOEM), is amending its risk management and financial assurance regulations. The major proposed amendments in this rule include: (1) returning to the previous BOEM practice of considering the financial strength of jointly liable predecessor lessees; (2) revising the credit rating threshold for determining whether oil, gas, and sulfur lessees, right-of-use and easement grant holders, and pipeline right-of-way grant holders on the OCS are required to provide supplemental financial assurance above the required general financial assurance amount to ensure compliance with their Outer Continental Shelf Lands Act obligations; (3) revising the decommissioning estimate used to determine the amount of supplemental financial assurance required; and (4) revising the appeals bond provision related to the Interior Board of Land Appeals appeal procedures. This rule would reduce the amount of supplemental financial assurance required from oil, gas, and sulfur lessees operating on the OCS.

US Code: 43 USC 1331 and 1801 Name of Law: Outer Continental Shelf Lands Act
   US Code: 31 USC 9701 Name of Law: Independent Offices Appropriations Act
   US Code: 42 USC 6213(C) Name of Law: Energy Policy and Conservation Act
  
None

1010-AE26 Proposed rulemaking 91 FR 11212 03/09/2026

No

13
IC Title Form No. Form Name
30 CFR 550.1011(a) Bond Requirements for Pipeline Right-of-Way Holders BOEM-2030
30 CFR 556 - Subpart A
30 CFR 556 - Subpart B
30 CFR 556 - Subpart C
30 CFR 556 - Subpart D
30 CFR 556 - Subpart E
30 CFR 556 - Subpart G - BOEM-150 Assignment of Record Title Interest in Federal OCS O&G Leases BOEM-0150
30 CFR 556 - Subpart H - BOEM-0151 Assignment of Operating Rights Interest in Federal OCS O&G Leases BOEM-0151
30 CFR 556 - Subpart I BOEM-2028, BOEM-2028A ,  
30 CFR 556 - Subpart K - BOEM-152 - Relinquishment of Federal OCS O&G Leases BOEM-152
30 CFR 556 - Subparts G & H - Document filings
30 CFR Part 556 - Subpart K
30 CFR Part 560

  Total Request 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 22,112 22,090 0 22 0 0
Annual Time Burden (Hours) 22,033 22,012 0 21 0 0
Annual Cost Burden (Dollars) 766,053 766,053 0 0 0 0
Yes
Changing Regulations
No
Overall, this rule results in the following adjustments in hour burden, which leads to an overall increase of 21 annual burden hours: •The Department is proposing to add a new paragraph (i) in section 556.901 to allow an lessee to provide a proposed installment schedule for supplemental financial assurance prior to the receipt of an official demand letter. BOEM is adding additional burden for the submission of this installment schedule. BOEM estimates an increase of 20 annual burden hours (20 responses x 1 hour burden). •The Department is proposing a new section 556.908 to address instances where decommissioning will occur within one year of a new supplemental financial assurance demand, which would allow the Regional Director the discretion to accept third-party decommissioning contracts and/or decommissioning schedules from those entities in lieu of supplemental financial assurance. This is a new provision that may slightly increase annual burden hours. BOEM estimates an increase of 1 annual burden hours (2 responses x ½ hour burden).

$3,269,676
No
    No
    No
No
No
No
No
Anna Atkinson 202 912-7438 [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.
03/10/2026

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