30 C.F.R. § 260.120 How does royalty suspension apply to leases issued in a sale held after November 2000?
Title 30 - Mineral Resources
We may issue leases with suspension of royalties for a period, volume or value of production, as authorized in section 303 of the Act. For purposes of this section and §§260.121 through 260.124: (a) Any volumes of production that are not normally royalty-bearing under the lease or the regulations (e.g., fuel gas) do not count against royalty suspension volumes; and (b) Production includes volumes allocated to a lease under an approved unit agreement.
Title 30: Mineral Resources
PART 260—OUTER CONTINENTAL SHELF OIL AND GAS LEASING
Subpart B—Bidding Systems
Royalty Suspension (RS) Leases
§ 260.120 How does royalty suspension apply to leases issued in a sale held after November 2000?
