§1721. Royalty terms and conditions, interest, and penalties — Inbound Citations

Code of Federal Regulations Citations

Cited by 4 regulations in the Code of Federal Regulations.

• 30 C.F.R. § 1206.112(a)(1)(ii) — How do I determine a transportation allowance if I do not have an arm's-length transportation contract?

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• 30 C.F.R. § 1206.113(a)(1)(ii) — What adjustments and transportation allowances apply when I value oil production from my lease using NYMEX prices or ANS spot prices?

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  (ii) For oil that you exchange between your lease and the market center (or between any intermediate points between those locations) under an exchange agreement that is not at arm's-length, you must obtain approval from ONRR for a location and quality differential. Until you obtain such approval, you may use the location and quality differential derived from that exchange agreement applicable to production during the production month. If ONRR prescribes a different differential, you must apply ONRR's differential to all periods for which you used your proposed differential. You must pay any additional royalties due resulting from using ONRR's differential, plus late payment interest from the original royalty due date, or you may report a credit for any overpaid royalties, plus interest, under 30 U.S.C. 1721(h).

• 30 C.F.R. § 203.76(e) — When might BSEE withdraw or reduce the approved size of my relief?

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  (e) You do not send us the fabrication confirmation report or the post-production development report, or you provide false or intentionally inaccurate information that was material to our granting royalty relief under this section. You must pay royalties and late-payment interest determined under 30 U.S.C. 1721 and 30 CFR 1218.54 on all volumes for which you used the royalty suspension. You also may be subject to penalties under other provisions of law.

• 30 C.F.R. § 203.78(c)(1) — Do I keep relief approved by BSEE under this part for my lease, unit or project if prices rise significantly?

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  (1) Pay royalties on all oil production for the previous year at the lease stipulated royalty rate plus interest (under 30 U.S.C. 1721 and 30 CFR 1218.54) by March 31 of the current calendar year, and

Citations to 30 U.S.C. § 1721 as a whole

• 30 U.S.C. § 355(b)

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  (b) Notwithstanding any other provision of law, any payment to a State under this section shall be made by the Secretary of the Interior and shall be made not later than the last business day of the month following the month in which such moneys or associated reports are received by the Secretary of the Interior, whichever is later. The preceding sentence shall also apply to any payment to a State derived from a lease for mineral resources issued by the Secretary of the Interior under section 520 of title 16. The Secretary shall pay interest to a State on any amount not paid to the State within that time at the rate prescribed under section 1721¹ of this title from the date payment was required to be made under this subsection until the date payment is made.