C.F.R. » Title 30 » CHAPTER XII—OFFICE OF NATURAL RESOURCES REVENUE, DEPARTMENT OF THE INTERIOR › SUBCHAPTER A—NATURAL RESOURCES REVENUE › PART 1206—PRODUCT VALUATION › Subpart C—Federal Oil

30 C.F.R. § 1206.105

How will ONRR determine the value of my oil for royalty purposes?

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If ONRR decides that we will value your oil for royalty purposes under § 1206.104, or any other provision in this subpart, then we will determine value, for royalty purposes, by considering any information that we deem relevant, which may include, but is not limited to, the following:

(a) The value of like-quality oil in the same field or nearby fields or areas (b) The value of like-quality oil from the refinery or area (c) Public sources of price or market information that ONRR deems reliable (d) Information available and reported to ONRR, including but not limited to on form ONRR-2014 and the Oil and Gas Operations Report (Form ONRR-4054) (e) Costs of transportation or processing if ONRR determines that they are applicable (f) Any information that ONRR deems relevant regarding the particular lease operation or the salability of the oil
Notes of Decisions
Cited in 1 case, 2019–2019 · leading case: Cloud Peak Energy Inc v. United States Dep't of Interior (D. Wyo. 2019).
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Cloud Peak Energy Inc v. United States Dep't of Interior (D. Wyo. 2019). “at 43375 (new 30 C.F.R. § 1206.105 ). Federal gas valuations follow a similar path.”
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