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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 30 - Mineral Resources |
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Chapter XII - Office of Natural Resources Revenue, Department of the Interior |
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SubChapter A - Natural Resources Revenue |
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Part 1204 - Alternatives for Marginal Properties |
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Subpart C - Accounting and Auditing Relief |
§ 1204.211 - When may ONRR rescind relief for a property?
Latest version.
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§ 1204.211 When may ONRR rescind relief for a property?
(a) ONRR may retroactively rescind the relief for your property if ONRR determines that your property was not eligible for the relief obtained under this subpart because:
(1) You did not submit a notice or request for relief under § 1204.205;
(2) You submitted erroneous information in the notice or request for relief you provided to ONRR under § 1204.205 or in your royalty or production reports; or
(3) Your property is no longer eligible for relief because production increased, but you failed to provide the notice required under § 1204.209(b).
(b) ONRR may rescind relief for your property if ONRR decides to take royalty in kind.