§1204.203. What is the other relief option?
30 C.F.R. § 1204.203
Under this relief option, you may request any type of accounting and auditing relief that is appropriate for production from your marginal property, provided it is not prohibited under § 1204.204 and meets the statutory requirements of § 1204.5. Examples of relief options you could request are:
To report and pay royalties using a valuation method other than that required under 30 CFR part 1206 that approximates royalties payable under that part 1206; and
To reduce your royalty audit burden. However, ONRR will not consider any request that eliminates ONRR's or the States' right to audit.
You must request approval from ONRR under § 1204.205(b), and receive approval under § 1204.206 before taking relief under this option.
Notes, amendments, and revision history
Authority
Authority: 30 U.S.C. 1701 et seq.
Source
Source: 69 FR 55088, Sept. 13, 2004, unless otherwise noted. Redesignated at 75 FR 61067, Oct. 4, 2010.