Federal Register #ONRR20250001

ONRR Proposed Amendments to Federal Oil, Gas, and Coal Valuation Regulations

This opportunity is a proposed regulatory amendment, not a procurement action. - Government Buyer: - Department of the Interior, Office of Natural Resources Revenue (ONRR) - Purpose: - Proposes amendments to Federal oil, gas, and coal valuation regulations - Aims to simplify regulatory requirements and reduce costs for industry and government - Seeks to incentivize energy production - Key Regulatory Changes: - Removes the default provision for valuation - Extends index-based valuation to arms-length Federal gas and natural gas liquids (NGL) sales - Changes valuation method to use average bidweek prices instead of the highest bidweek price - Clarifies standards for Director-level appeals and reporting requirements - No products, OEMs, vendors, or purchase quantities are specified, as this is a regulatory notice, not a procurement request.

Description

The Office of Natural Resources Revenue (ONRR) proposes amendments to the Federal oil, gas, and coal valuation regulations, including specifying the standard of review for Director-level appeals. The rule aims to simplify regulatory requirements, reduce costs and burdens on industry and the Federal Government, and incentivize energy production. Key changes include removing the default provision for valuation, extending the index-based valuation option to arms-length Federal gas and NGL sales, and adjusting valuation methods to use average bidweek prices. ONRR solicits comments on all aspects of the proposed rule by August 31, 2026.

View original listing