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Code of Federal Regulations (Last Updated: July 5, 2024)

Title 30 - Mineral Resources

Chapter II - Bureau of Safety and Environmental Enforcement, Department of the Interior

SubChapter A - Minerals Revenue Management

Part 203 - Relief or Reduction in Royalty Rates

Subpart B - OCS Oil, Gas, and Sulfur General

Royalty Relief for End-of-Life Leases

§ 203.56 - Does relief transfer when a lease is assigned?

Latest version.

§ 203.56 Does relief transfer when a lease is assigned?

Yes. Royalty relief is based on the lease circumstances, not ownership. It transfers upon lease assignment.

                    
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