2023-08594. Major Portion Prices and Due Date for Additional Royalty Payments on Gas Produced From Indian Lands in Designated Areas That Are Not Associated With an Index Zone
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Start Preamble
AGENCY:
Office of Natural Resources Revenue (ONRR), Interior.
ACTION:
Notice.
SUMMARY:
In accordance with regulations governing valuation of gas produced from Indian lands, ONRR is publishing this Notice in the Federal Register of the major portion prices applicable to calendar year 2021 and the date by which a lessee must pay any additional royalties due under major portion pricing.
DATES:
The due date to pay additional royalties based on the major portion prices is June 30, 2023.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
For questions regarding major portion prices, contact Robert Sudar, Market & Spatial Analytics, by telephone at (303) 231–3511 or email to Robert.Sudar@onrr.gov. For questions on Reporting Information, contact April Lockler, Data Intake, Solutioning, and Coordination, by telephone at (303) 231–3105 or email to April.Lockler@onrr.gov.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
Pursuant to 30 CFR 1206.174(a)(4)(ii), ONRR must publish major portion prices for each designated area that is not associated with an index zone for each production month, as well as the due date to submit any additional royalty payments. If a lessee owes additional royalties, it must submit an amended form ONRR–2014, Report of Sales and Royalty Remittance, to ONRR and pay the additional royalties due by the due date. If a lessee fails to timely pay the additional royalties, late payment interest begins to accrue pursuant to 30 CFR 1218.54. The interest will accrue from the due date until ONRR receives payment.
The table below lists major portion prices for designated areas that are not associated with an index zone.
Gas Major Portion Prices ($/MMBtu) for Designated Areas not Associated With an Index Zone
ONRR-designated areas Jan 2021 Feb 2021 Mar 2021 Apr 2021 Fort Berthold Reservation $1.96 $10.09 $2.10 $1.97 Fort Peck Reservation 2.23 5.08 2.06 2.06 Navajo Allotted Leases in the Navajo Reservation 2.63 8.50 2.86 2.63 Turtle Mountain Reservation 1.50 2.35 1.84 1.45 ONRR-designated areas May 2021 Jun 2021 Jul 2021 Aug 2021 Fort Berthold Reservation $2.25 $2.47 $2.94 $3.29 Fort Peck Reservation 2.59 2.65 3.38 5.66 Navajo Allotted Leases in the Navajo Reservation 2.68 2.93 3.53 3.79 Turtle Mountain Reservation 1.73 2.30 2.92 3.30 ONRR-designated areas Sep 2021 Oct 2021 Nov 2021 Dec 2021 Fort Berthold Reservation $3.61 $4.70 $4.97 $4.26 Fort Peck Reservation 6.44 7.85 7.51 6.35 Navajo Allotted Leases in the Navajo Reservation 4.10 5.06 5.22 5.04 Start Printed Page 24836 Turtle Mountain Reservation 3.06 4.67 4.68 4.18 For information on how to report additional royalties due to major portion prices, please refer to ONRR's Dear Payor letter, dated December 1, 1999, which is available at https://www.onrr.gov/reporter-letters/991201.pdf.
Authorities: Indian Mineral Leasing Act, 25 U.S.C. 396a–g; Act of March 3, 1909, 25 U.S.C. 396; and the Indian Mineral Development Act of 1982, 25 U.S.C. 2103 et seq.
Start SignatureHoward Cantor,
Acting Director, Office of Natural Resources Revenue.
[FR Doc. 2023–08594 Filed 4–21–23; 8:45 am]
BILLING CODE 4335–30–P
Document Information
- Published:
- 04/24/2023
- Department:
- Natural Resources Revenue Office
- Entry Type:
- Notice
- Action:
- Notice.
- Document Number:
- 2023-08594
- Dates:
- The due date to pay additional royalties based on the major portion prices is June 30, 2023.
- Pages:
- 24835-24836 (2 pages)
- Docket Numbers:
- Docket No. ONRR-2011-0012, DS63644000 DRT000000.CH7000 234D1113RT
- PDF File:
- 2023-08594.pdf