30 C.F.R. § 260.113 When does an eligible lease qualify for a royalty suspension volume?
Title 30 - Mineral Resources
(a) Your eligible lease may receive a royalty suspension volume only if it is in a field where no current lease produced oil or gas (other than test production) before November 28, 1995. For eligible leases, the bidding system in §260.110(g) applies only to leases in fields that meet this condition. (b) You may receive a royalty suspension volume only if your entire lease is west of 87 degrees, 30 minutes West longitude. A field that lies on both sides of that meridian will receive a royalty suspension volume only for those eligible leases lying entirely west of the meridian.
Title 30: Mineral Resources
PART 260—OUTER CONTINENTAL SHELF OIL AND GAS LEASING
Subpart B—Bidding Systems
Eligible Leases
§ 260.113 When does an eligible lease qualify for a royalty suspension volume?
