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
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1010-0073 can be found here:
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
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.
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.