30 CFR 1202.101 - Standards for reporting and paying royalties.

Regulations last checked for updates: May 09, 2024

Title 30 - Mineral Resources last revised: Apr 24, 2024

View all text of Subpart C [§ 1202.100 - § 1202.101]

§ 1202.101 - Standards for reporting and paying royalties.

Oil volumes are to be reported in barrels of clean oil of 42 standard U.S. gallons (231 cubic inches each) at 60 °F. When reporting oil volumes for royalty purposes, corrections must have been made for Basic Sediment and Water (BS&W) and other impurities. Reported American Petroleum Institute (API) oil gravities are to be those determined in accordance with standard industry procedures after correction to 60 °F.

[53 FR 1217, Jan. 15, 1988]

authority: 5 U.S.C. 301

source: 48 FR 35641, Aug. 5, 1983, unless otherwise noted. Redesignated at 75 FR 61066, Oct. 4, 2010.

cite as: 30 CFR 1202.101