43 C.F.R. § 3211.17 When do I owe minimum royalty?
Title 43 - Public Lands: Interior
You owe minimum royalty when BLM determines you have a well capable of commercial production but you have not begun actual production. You also owe minimum royalty when the value of actual production is so low that royalty you would pay under the scheduled rate is less than $2.00 per acre. You should make your minimum royalty payment to MMS under the regulations in 30 CFR part 218.
Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3211—Fees, Rent, and Royalties
§ 3211.17 When do I owe minimum royalty?
