[Federal Register Volume 65, Number 225 (Tuesday, November 21, 2000)]
[Notices]
[Page 69956]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-29829]
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DEPARTMENT OF THE INTERIOR
Minerals Management Service
RIN 1010-AB57
Major Portion Prices and Due Dates for Additional Royalty
Payments on Indian Gas Production in Designated Areas Not Associated
With an Index Zone
AGENCY: Minerals Management Service (MMS), Interior.
ACTION: Notice of Major Portion Prices.
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SUMMARY: Final regulations for valuing gas produced from Indian leases,
published on August 10, 1999, require MMS to determine major portion
values and notify industry by publishing the values in the Federal
Register regulations also require MMS to publish a due date for
industry to pay additional royalty based on the major portion value.
This notice provides the major portion values and due dates for May and
June 2000 production months.
EFFECTIVE DATE: January 1, 2000.
ADDRESSES: See FOR FURTHER INFORMATION CONTACT section below.
FOR FURTHER INFORMATION CONTACT: John Barder, Indian Oil and Gas
Compliance Asset Management, MMS; telephone, (303) 275-7234; FAX, (303)
275-7470; E-mail, [email protected]; mailing address, Minerals
Management Service, Minerals Revenue Management, Indian Oil and Gas
Compliance Asset Management, P.O. Box 25165, MS 396G3, Denver, Colorado
80225-0165.
SUPPLEMENTARY INFORMATION: On August 10, 1999, MMS published a final
rule titled ``Amendments to Gas Valuation Regulations for Indian
Leases,'' (64 FR 43506) with an effective date of January 1, 2000. The
gas regulations apply to all gas production from Indian (tribal or
allotted) oil and gas leases (except leases on the Osage Indian
Reservation).
The rule requires that MMS publish major portion prices for each
designated area not associated with an index zone for each production
month beginning January 2000 along with a due date for additional
royalty payments. See 30 CFR 206.174(a)(4)(ii)(64 FR 43520, August 10,
1999). If additional royalties are due based on a published major
portion price, the lessee must submit an amended Form MMS-2014, Report
of Sales and Royalty Remittance, to MMS by the due date. If additional
royalties are not paid by the due date, late payment interest under 30
CFR 218.54 (1999) will accrue from the due date until payment is made
and an amended Form MMS-2014 is received. The table below lists the
major portion prices for all designated areas not associated with an
Index Zone and the due date for payment of additional royalties.
Gas Major Portion Prices and Due Dates for Designated Areas Not Associated With an Index Zone
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MMS-Designated areas May 2000 June 2000 Due date
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Alabama-Coushatta................... $3.13/MMBtu................. $4.52/MMBtu................. 01/02/2001
Blackfeet Reservation............... 2.29/MMBtu.................. 2.79/MMBtu.................. 01/02/2001
Fort Belknap........................ 3.92/MMBtu.................. 4.14/MMBtu.................. 01/02/2001
Fort Berthold....................... 1.25/MMBtu.................. 2.03/MMBtu.................. 01/02/2001
Fort Peck Reservation............... 1.95/MMBtu.................. 2.72/MMBtu.................. 01/02/2001
Navajo Allotted Leases in the Navajo 2.78/MMBtu.................. 3.87/MMBtu.................. 01/02/2001
Reservation.
Rocky Boys Reservation.............. 2.04/MMBtu.................. 3.09/MMBtu.................. 01/02/2001
Turtle Mountain Reservation......... 1.18/MMBtu.................. 1.18/MMBtu.................. 01/02/2001
Ute Allotted Leases in the Uintah 2.80/MMBtu.................. 3.76/MMBtu.................. 01/02/2001
and Ouray Reservation.
Ute Tribal Leases in the Uintah and 2.80/MMBtu.................. 3.76/MMBtu.................. 01/02/2001
Ouray Reservation.
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For information on how to report additional royalties due to major
portion prices, please refer to our Dear Payor letter dated December 1,
1999.
Dated: November 15, 2000.
Lucy Querques Denett,
Associate Director for Minerals Revenue Management.
[FR Doc. 00-29829 Filed 11-20-00; 8:45 am]
BILLING CODE 4310-MR-P