30 CFR 581.29 - Royalty valuation.

Regulations last checked for updates: May 17, 2024

Title 30 - Mineral Resources last revised: May 15, 2024

View all text of Subpart C [§ 581.26 - § 581.33]

§ 581.29 - Royalty valuation.

Unless stated otherwise in the leasing notice and subsequently issued lease, product valuation will be in accordance with the regulations in part 1206 of chapter XII. The value used in the computation of royalty shall be determined by the Director of the Office of Natural Resources Revenue.

authority: Section 104, Public Law 97-451, 96 Stat. 2451 (30 U.S.C. 1714), Public Law 109-432, Div C, Title I, 120 Stat. 3000; 30 U.S.C. 1751; 31 U.S.C. 9701; 43 U.S.C. 1334; 33 U.S.C. 2704,2716; E.O. 12777, as amended; 43 U.S.C. 1331

source: 76 FR 64623, Oct. 18, 2011, unless otherwise noted.

cite as: 30 CFR 581.29