30 C.F.R. § 203.72 Can my lease receive more than one suspension volume?
Title 30 - Mineral Resources
Yes. You may apply for royalty relief that involves more than one suspension volume under §203.62 in two circumstances. (a) Each field that includes your lease may receive a separate royalty-suspension volume, if it meets the evaluation criteria of §203.67. (b) An expansion project on your lease may receive a separate royalty-suspension volume, even if we have already granted a royalty-suspension volume to the field that encompasses the project. But the reserves associated with the project must not have been part of our original determination, and the project must meet the evaluation criteria of §203.67.
Title 30: Mineral Resources
PART 203—RELIEF OR REDUCTION IN ROYALTY RATES
Subpart B—OCS Oil, Gas, and Sulfur General
Royalty Relief For Deep Water Expansion Projects And Pre-Act Deep Water Leases
§ 203.72 Can my lease receive more than one suspension volume?
