30 CFR 550, 556, and 560, Leasing of Sulfur or Oil and Gas in the Outer Continental Shelf

ICR 202502-1010-003

OMB: 1010-0006

Federal Form Document

ICR Details
1010-0006 202502-1010-003
Received in OIRA 202310-1010-004
DOI/BOEM
30 CFR 550, 556, and 560, Leasing of Sulfur or Oil and Gas in the Outer Continental Shelf
No material or nonsubstantive change to a currently approved collection   No
Regular 02/27/2025
  Requested Previously Approved
07/31/2027 07/31/2027
22,090 22,090
22,012 22,012
766,053 766,053

This information collection request is related to leasing of sulfur or oil and gas in the Outer Continental Shelf under 30 CFR 550, 556, and 560. On January 21, 2025, President Trump signed Executive Order (EO) 14173, entitled “Ending Illegal Discrimination and Restoring Merit-Based Opportunity.” This EO revokes Executive Order 11246, entitled “Equal Employment Opportunity.” This information collection request is for nonsubstantive updates to forms BOEM-0150, Assignment of Record Title Interest in Federal OCS Oil and Gas Lease and BOEM-0151, Assignment of Operating Rights Interest in Federal OCS Oil and Gas Lease. BOEM is removing the language related to equal opportunity and affirmative action compliance from the forms.

US Code: 43 USC 1331 and 1801 Name of Law: OCSLA
   US Code: 31 USC 9701 Name of Law: IOAA
   US Code: 42 USC 6213(C) Name of Law: Energy Policy and Conservation Act
  
None

1010-AE14 Final or interim final rulemaking 89 FR 31544 04/24/2024

89 FR 31544 04/24/2024
No

  Total Request 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 22,090 22,090 0 0 0 0
Annual Time Burden (Hours) 22,012 22,012 0 0 0 0
Annual Cost Burden (Dollars) 766,053 766,053 0 0 0 0
No
No
Overall, this rule results in the following adjustments in hour burden, which leads to an overall increase of 77 annual burden hours: Base Bonds and Supplemental Financial Assurance The hours per response for all respondents (i.e., a lessee, grant holder, a co-lessee, and a co-grant holder) who show financial worth/ability to carry out present and future financial obligations as demonstrated by an issuer credit rating, or a proxy credit rating determined by BOEM based on audited financial information, remains at 3.5 hours as approved by OMB. The number of responses for the provisions related to §§ 550.160, 550.166, 550.1011, and 556.900-902 decreases to 160 respondents from 166 respondents due to program changes. The related existing and new provisions results in a decrease of 21 burden hours from 581 to 560 annual burden hours (3.5 hours x -6 hours = -21 annual burden hours) BOEM adds paragraph (h) to § 556.901 to establish the limited opportunity to provide the required supplemental financial assurance demanded during the first 5 years after the effective date of this regulation in three installments. This provision establishes the timing and amounts of staggered supplemental financial assurance that would be demanded. This increases the number of submissions for the 5 payments required for supplemental financial assurance, but only for the first 5 years after the effective date of this regulation. OMB has approved 135 submissions which take 20 minutes per submission (total existing annual burden hours is 45 hours). BOEM estimates the burden hours to be 135 annual burden hours (405 submissions x 20 minutes), which is an increase of 90 hours over existing OMB approval. (+90 hours). Third-party Guarantees Section 556.905(b)(2) eliminates the requirement that, when a guarantor becomes unqualified, a lessee must cease production, until supplemental financial assurance coverage requirements are met. The regulatory provision is replaced with a requirement to immediately submit and maintain a substitute surety bond or other security. Both the existing and new provisions require the lessee to provide surety bond coverage; however, BOEM’s current OMB Control Number 1010-0006 does not quantify all of the burdens associated with either situation. Therefore, BOEM adds approximately 8 annual burden hours to OMB Control Number 1010-0006 for any lessee whose guarantor became unqualified (+8 hours).

$2,989,249
No
    No
    No
No
No
No
No
Anna Atkinson 202 912-7438 amatkinson@blm.gov

  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.
02/27/2025


© 2025 OMB.report | Privacy Policy