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.
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.