Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 30 - Mineral Resources |
Chapter V - Bureau of Ocean Energy Management, Department of the Interior |
SubChapter B - Offshore |
Part 550 - Oil and Gas and Sulphur Operations in the Outer Continental Shelf |
Subpart A - General |
Performance Standards |
§ 550.117 - How does a determination of well producibility affect royalty status?
Latest version.
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§ 550.117 How does a determination of well producibility affect royalty status?
A determination of well producibility invokes minimum royalty status on the lease as provided in 30 CFR 1202.53.