Federal Register #ONRR20110006

ONRR Seeks Comment on Renewal of OCS Net Profit Share Payment Information Collection

This opportunity involves the Department of the Interior's Office of Natural Resources Revenue (ONRR) seeking public comment on the renewal of an information collection requirement for net profit share payments related to Outer Continental Shelf (OCS) oil and gas leases. - Government Buyer: - Department of the Interior, Office of Natural Resources Revenue (ONRR) - OEMs and Vendors: - No OEMs or vendors are specified, as this is a regulatory information collection for OCS lessees - Products/Services Requested: - No products or services are being procured - Requirement is for OCS oil and gas lease lessees to: - Maintain capital accounts - File annual and monthly reports - Take inventories of equipment and supplies - Allow audits of records to determine net profit share payments due - Unique or Notable Requirements: - Mandatory compliance for affected businesses holding OCS leases - Accurate and timely submission of required information - Governed by 30 CFR part 1220 - No contract value, product line items, or service line items are associated with this notice

Description

The Office of Natural Resources Revenue (ONRR) is proposing to renew an information collection related to net profit share payments under Outer Continental Shelf (OCS) oil and gas leases. This collection involves lessees maintaining capital accounts, filing reports, taking inventories, and allowing audits to determine net profit share payments due to the United States. The renewal seeks continued authority to collect necessary information to fulfill mineral revenue management responsibilities under 30 CFR part 1220.

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