30 C.F.R. § 204.3 What alternatives are available for marginal properties?
Title 30 - Mineral Resources
If you have production from a marginal property, MMS and the State may allow you the following options: (a) Prepay royalty. MMS and the State may allow you to make a lump-sum advance payment of royalties instead of monthly royalty payments for the remainder of the lease term. See Subpart B for prepayment of royalty requirements. (b) Take accounting and auditing relief. MMS and the State may allow various accounting and auditing relief options to encourage you to continue to produce and develop your marginal property. See Subpart C for accounting and auditing relief requirements.
Title 30: Mineral Resources
PART 204—ALTERNATIVES FOR MARGINAL PROPERTIES
Subpart A—General Provisions
§ 204.3 What alternatives are available for marginal properties?
