30 CFR Part 220, Accounting Procedures for Determining Net Profit Share Payment for Outer Continental Shelf Oil and Gas Leases (30 CFR 220.010(a); 220.030(a); 220.031(a), (b), (d), (e);

ICR 200207-1010-003

OMB: 1010-0073

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1010-0073 200207-1010-003
Historical Active 199905-1010-002
DOI/BOEM
30 CFR Part 220, Accounting Procedures for Determining Net Profit Share Payment for Outer Continental Shelf Oil and Gas Leases (30 CFR 220.010(a); 220.030(a); 220.031(a), (b), (d), (e);
Extension without change of a currently approved collection   No
Regular
Approved without change 08/26/2002
Retrieve Notice of Action (NOA) 07/09/2002
  Inventory as of this Action Requested Previously Approved
09/30/2005 09/30/2005 08/31/2002
319 0 183
3,674 0 2,946
0 0 0

MMS established the net profit share lease (NPSL) bidding system to balance a fair market return to the Federal Government for the lease of its lands with a fair profit to companies risking their investment capital. NPSL lessees are required to maintain an NPSL account and to provide either annual or monthly reports using data maintained in the capital account. Submission of this information is required in order for MMS to determine when NPSL royalty payments are due and the proper amount of payment.

None
None


No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 319 183 0 0 136 0
Annual Time Burden (Hours) 3,674 2,946 0 0 728 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
07/09/2002


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