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.
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§ 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.