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43 C.F.R. § 3212.16   What information must I submit when I request that BLM suspend, reduce or waive my royalty or rental rate?

Title 43 - Public Lands: Interior

Title 43: Public Lands: Interior
PART 3200—GEOTHERMAL RESOURCE LEASING
Subpart 3212—Lease Suspensions and Royalty Rate Reductions

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§ 3212.16   What information must I submit when I request that BLM suspend, reduce or waive my royalty or rental rate?

(a) Your request for suspension, reduction or waiver of the royalty or rental rate must include all information BLM needs to determine if the lease can be operated under its current terms. We may ask you for:

(1) The type of reduction you seek;

(2) The serial number of your lease;

(3) The names of the lessee and operator;

(4) The location and status of wells;

(5) A summary of monthly production from your lease; and

(6) A detailed statement of expenses and costs.

(b) If you are applying for a royalty reduction, suspension or waiver, you must also give us a list of names and amounts of royalties or payments out of production paid to each individual, and every effort you have made to reduce these payments. We will not approve a royalty reduction, suspension or waiver unless other royalty interest owners accept a similar reduction, suspension or waiver.

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