Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 30 - Mineral Resources |
Chapter II - Bureau of Safety and Environmental Enforcement, Department of the Interior |
SubChapter A - Minerals Revenue Management |
Part 212 - RECORDS AND FILES MAINTENANCE |
Subpart B - Oil, Gas, and OCS Sulphur—General |
§ 212.50 - Required recordkeeping and reports.
Latest version.
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All records pertaining to offshore and onshore Federal and Indian oil and gas leases shall be maintained by a lessee, operator, revenue payor, or other person for 6 years after the records are generated unless the recordholder is notified, in writing, that records must
be maintained for a longer period. When an audit or investigation is underway, records shall be maintained until the recordholder is released by written notice of the obligation to maintain records.