Code of Federal Regulations (alpha)

CFR /  Title 30  /  Part 560  /  Sec. 560.113 When does an eligible lease qualify for a royalty

(a) Your eligible lease will receive a royalty suspension volume as specified in the Act. The bidding system in Sec. 560.110(g) applies.

(b) Your eligible lease may receive a royalty suspension volume only if your entire lease is west of 87 degrees, 30 minutes West longitude.