Regulations last checked for updates: Nov 25, 2024

Title 30 - Mineral Resources last revised: Nov 19, 2024
§ 1204.1 - What is the purpose of this part?

This part explains how you as a lessee or designee of a Federal onshore or Outer Continental Shelf (OCS) oil and gas lease may obtain prepayment or accounting and auditing relief for production from certain marginal properties. This part does not apply to production from Indian leases, even if the Indian lease is within an agreement that qualifies as a marginal property.

authority: 30 U.S.C. 1701
source: 69 FR 55088, Sept. 13, 2004, unless otherwise noted. Redesignated at 75 FR 61067, Oct. 4, 2010.
cite as: 30 CFR 1204.1