Code of Federal Regulations (alpha)

CFR /  Title 30  /  Part 203  /  Sec. 203.71 How does BSEE allocate a field's suspension volume between my

The allocation depends on when production occurs, when we issued the lease, when we assigned it to the field, and whether we award the volume suspension by an approved application or establish it in the lease terms, as prescribed in this section.

(a) If your authorized field has an approved royalty suspension volume under Sec. Sec. 203.67 and 203.69, we will suspend payment of royalties on production from all leases in the field that participate in the application until their cumulative production equals the approved volume. The following conditions also apply: ------------------------------------------------------------------------

(1) We assign an eligible We will not change Production from the

lease to your authorized your authorized assigned eligible

field after we approve field's royalty lease(s) counts

relief, suspension volume toward the royalty

determined under suspension volume

Sec. 203.69, for the authorized

field, but the

eligible lease will

not share any

remaining royalty

suspension volume

for the authorized

field after the

eligible lease has

produced the volume

applicable under 30

CFR 560.114.(2) We assign a pre-Act or We will not change The assigned

post-November 2000 deep your field's lease(s) may share

water lease to your field royalty suspension in any remaining

after we approve your volume, royalty relief by

application, filing the short-

form application

specified in Sec.

203.83 and

authorized in Sec.

203.82. An

assigned RS lease

also gets any

portion of its

royalty suspension

volume remaining

even after the

field has produced

the approved relief

volume.(3) We assign another lease In our evaluation of (i) You toll the

that you operate to your your authorized time period for

field while we are field, we will take evaluation until

evaluating your into account the you modify your

application, value of any application to be

royalty relief the consistent with the

added lease already newly constituted

has under 30 CFR field;

560.114 or its (ii) We have an

lease document. If additional 60 days

we find your to review the new

authorized field information; and

still needs (iii) The assigned

additional royalty pre-Act lease or

suspension volume, royalty suspension

that volume will be lease shares the

at least the royalty suspension

combined royalty we grant to the

suspension volume newly constituted

to which all added field. An eligible

leases on the field lease does not

are entitled, or share the royalty

the minimum suspension we grant

suspension volume to the new field.

of the authorized If you do not agree

field, whichever is to toll, we will

greater, have to reject your

application due to

incomplete

information.

Production from an

assigned eligible

lease counts toward

the royalty

suspension volume

that we grant under

Sec. 203.69 for

your authorized

field, but you will

not owe royalty on

production from the

eligible lease

until it has

produced the volume

applicable under 30

CFR 560.114.

(4) We assign another We will change your (i) You both toll

operator's lease to your field's minimum the time period for

field while we are suspension volume evaluation until

evaluating your provided the both of you modify

application, assigned lease your application to

joins the be consistent with

application and is the new field;

entitled to a (ii) We have an

larger minimum additional 60 days

suspension volume, to review the new

information; and

(iii) The assigned

lease(s) shares the

royalty suspension

we grant to the new

field. If you (the

original applicant)

do not agree to

toll, the other

operator's lease

retains any

suspension volume

it has or may share

in any relief that

we grant by filing

the short form

application

specified in Sec.

203.83 and

authorized in Sec.

203.82.(5) We reassign a well on a The past production For any field based

pre-Act, eligible, or from the well relief, the past

royalty suspension lease counts toward the production for that

from field A to field B, royalty suspension well will not count

volume that we toward any royalty

grant under Sec. suspension volume

203.69 to field B, that we grant under

Sec. 203.69 to

field A. Moreover,

past production

from that well will

count toward the

royalty suspension

volume applicable

for the lease under

30 CFR 560.114 if

the well is on an

eligible lease or

under 30 CFR

560.124 if the well

is on a royalty

suspension lease.------------------------------------------------------------------------

(b) When a project has more than one lease, the royalty suspension volume for each lease equals that lease's actual production from the project (or production allocated under an approved unit agreement) until total production for all leases in the project equals the project's approved royalty suspension volume.

(c) You may receive a royalty-suspension volume only if your entire lease is west of 87 degrees, 30 minutes West longitude. If the field lies on both sides of this meridian, only leases located entirely west of the meridian will receive a royalty-suspension volume.