30 CFR 1218.307 - How do I pay royalties due for my existing leases that qualify for near-term production incentives under BLM regulations?

Regulations last checked for updates: May 16, 2024

Title 30 - Mineral Resources last revised: May 09, 2024

View all text of Subpart F [§ 1218.300 - § 1218.307]

§ 1218.307 - How do I pay royalties due for my existing leases that qualify for near-term production incentives under BLM regulations?

If you qualify for a production incentive under BLM regulations at 43 CFR subpart 3212, your royalty due on the production BLM determines to be qualified for a production incentive under 43 CFR 3212.23 and 3212.24 is 50 percent of the amount of the total royalty that would otherwise be due under 30 CFR part 1206, subpart H.

[72 FR 24468, May 2, 2007]

authority: 5 U.S.C. 301

source: 48 FR 35641, Aug. 5, 1983, unless otherwise noted. Redesignated at 75 FR 61084, Oct. 4, 2010.

cite as: 30 CFR 1218.307