30 C.F.R. § 220.001 Purpose and scope.
Title 30 - Mineral Resources
(a) This part 220 establishes accounting procedures for determining the net profit share base and calculating net profit share payments due the United States for the production of oil and gas from OCS leases. (b) The procedures established by this part 220 apply to any OCS lease issued by the Department of the Interior under any bidding system established by §260.110(a) of this chapter which has a net profit share component. [45 FR 36800, May 30, 1980, as amended at 46 FR 29689, June 2, 1981. Redesignated at 48 FR 1182, Jan. 11, 1983, and at 48 FR 35642, Aug. 5, 1983]
Title 30: Mineral Resources
PART 220—ACCOUNTING PROCEDURES FOR DETERMINING NET PROFIT SHARE PAYMENT FOR OUTER CONTINENTAL SHELF OIL AND GAS LEASES
§ 220.001 Purpose and scope.
