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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 |
§ 1204.200 - What is the purpose of this subpart?
Latest version.
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§ 1204.200 What is the purpose of this subpart?
This subpart explains how you as a lessee or designee may obtain accounting and auditing relief for your Federal onshore or OCS lease production from a marginal property. The two types of accounting and auditing relief that you can receive under this subpart are cumulative reports and payment relief (explained in § 1204.202) and other accounting and auditing relief appropriate for your property (explained in § 1204.203).