30 CFR 218, Subpart A - General Provisions, 218.42 Cross-lease netting in calculation of late-payment interest; Subpart B - Oil and Gas, General, 218.52 How does a lessee designate a .......
ICR 200506-1010-002
OMB: 1010-0107
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1010-0107 can be found here:
30 CFR 218, Subpart A -
General Provisions, 218.42 Cross-lease netting in calculation of
late-payment interest; Subpart B - Oil and Gas, General, 218.52 How
does a lessee designate a .......
This ICR covers unique and diverse
reporting circumstances including designation of designee,
cross-lease in calculation of late-payment interest, and tribal
permission for recoupment on Indian leases. When a payor makes
royalty payments on behalf of a Federal lessee, the Federal Oil and
Gas Royalty Simplification and Fairness Act of 1996 requires that
the lessee designate the payor as its designee and notify MMS of
this arrangement in writing. Current regulations allow cross-lease
netting, which provides that an overpayment on a lease may be
offset against an underpayment on a different lease to
..........
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.