30 C.F.R. § 260.123   How do I measure natural gas production for a lease issued in a sale held after November 2000?


Title 30 - Mineral Resources


Title 30: Mineral Resources
PART 260—OUTER CONTINENTAL SHELF OIL AND GAS LEASING
Subpart B—Bidding Systems
Royalty Suspension (RS) Leases

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§ 260.123   How do I measure natural gas production for a lease issued in a sale held after November 2000?

You must measure natural gas production subject to the royalty suspension volume for your lease as follows: 5.62 thousand cubic feet of natural gas, measured according to part 250, subpart L of this title, equals one barrel of oil equivalent.

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