Login required to View Regulations

Sign In or Register Now.  Registration is fast and free!

 
§1204.204 — What accounting and auditing relief will ONRR not allow?

ONRR will not approve your request for accounting and auditing relief under this subpart if your request:

 
(a)
Prohibits ONRR or the State from conducting any form of audit;
 
(b)
Permanently relieves you from making future royalty reports or payments;
 
(c)
Provides for less frequent royalty reports and payments than annually;
 
(d)
Provides for you to submit royalty reports and payments at separate times;
 
(e)
Impairs ONRR's ability to properly or efficiently account for or distribute royalties;
 
(f)
Requests relief for a lease under which the Federal Government takes its royalties in kind;
 
(g)
Alters production reporting requirements;
 
(h)
Alters lease operation or safety requirements;
 
(i)
Conflicts with rent, minimum royalty, or lease requirements; or
 
(j)
Requests relief for production from a marginal property located in whole or in part in a State that has determined that it will not allow such relief under §1204.208.

   Reason: