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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 30 - Mineral Resources |
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Chapter II - Bureau of Safety and Environmental Enforcement, Department of the Interior |
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SubChapter B - Offshore |
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Part 260 - OUTER CONTINENTAL SHELF OIL AND GAS LEASING |
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Subpart B - Bidding Systems |
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Eligible Leases |
§ 260.115 - How long will a royalty suspension volume for an eligible lease be effective?
Latest version.
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A royalty suspension volume for an eligible lease will continue through the end of the month in which cumulative production from the leases in a field entitled to share the royalty suspension volume reaches that volume or the lease period ends.