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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 V - Bureau of Ocean Energy Management, Department of the Interior |
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SubChapter B - Offshore |
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Part 556 - Leasing of Sulfur or Oil and Gas and Bonding Requirements in the Outer Continental Shelf |
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Subpart N - Bonus or Royalty Credits for Exchange of Certain Leases Offshore Florida |
§ 556.90 - Which leases may I exchange for a bonus or royalty credit?
Latest version.
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You may exchange a lease for a bonus or royalty credit if it:
(a) Was in effect on December 20, 2006, and
(b) Is located in:
(1) The Eastern planning area and within 125 miles of the coastline of the State of Florida, or
(2) The Central planning area and within the Desoto Canyon OPD, the Destin Dome OPD, or the Pensacola OPD, and within 100 miles of the coastline of the State of Florida.