Federal Register #2026-13133

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

This opportunity involves proposed amendments to federal oil, gas, and coal valuation regulations by the Office of Natural Resources Revenue (ONRR) within the Department of the Interior. - Government Buyer: - Department of the Interior - Office of Natural Resources Revenue (ONRR) - No OEMs or vendors are named, as this is a regulatory rulemaking, not a procurement of products or services. - Products/Services Requested: - No products or services are being procured; the action is a proposed regulatory change. - Notable Requirements and Details: - Removal of the default provision for valuation - Extension of index-based valuation options to arms-length Federal gas and natural gas liquids (NGL) sales - Specification of the standard of review for Director-level appeals - Clarification of definitions and updates to valuation methods - Focus on simplifying regulatory requirements, reducing costs, and incentivizing production - Public comments are solicited on all aspects of the proposed rule

Description

The Office of Natural Resources Revenue (ONRR) proposes to amend federal oil, gas, and coal valuation regulations to simplify regulatory requirements and reduce costs. The amendments include removing the default provision for valuation, extending the index-based valuation option to arms-length Federal gas and NGL sales, and specifying the standard of review for Director-level appeals. The rulemaking aims to incentivize production and improve clarity and predictability in royalty valuation. Comments on the proposed rule must be received by August 31, 2026.

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