Where Are We Now and Is There Anything We Should Be Doing?

January 18, 2018
The Status of Recent Federal Rulemakings on Operations and Royalty Reporting and Payment

Over the last 18 months, Bureau of Land Management and Office of Natural Resources Revenue rules have been finalized, appealed, put on hold in part, or withdrawn entirely. Although these stop-start, on-again/off-again efforts can be difficult to follow, they raise important compliance issues for operators and royalty reporters and payors. Please join us for a discussion of the status of the following rules, their impacts on federal royalty reporting and payment, and what operators can and should be doing while we are waiting for further developments:

  • BLM’s venting and flaring rule, including its provisions related to beneficial use of production;
  • Rules replacing Onshore Orders Nos. 3, 4, and 5, including off lease measurement and commingling requirements; and
  • ONRR’s royalty valuation rule, including renewal of the Royalty Policy Committee and the notice seeking comment on the proposed rulemaking to modify the 1988 rule in conjunction with repeal of the 2016 rule.

Our Speakers for this Panel will Include:

Event Information

Thursday, January 18, 2018

1550 17th Street, Suite 500 | Denver, CO 80202

Breakfast | 7:30 AM

Program | 8-9:00 AM

A request for one Continuing Legal Education credit in the State of Colorado has been approved.

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Davis Graham & Stubbs LLP, one of the Rocky Mountain region’s preeminent law firms, serves clients nationally and internationally, with a strong focus on corporate finance and governance, mergers and acquisitions, natural resources, environmental law, real estate, and complex litigation. Our lawyers have extensive experience working with companies in the energy, mining, technology, hospitality, private equity, manufacturing, asset management, and aviation industries. As the exclusive member firm in Colorado for Lex Mundi, the world’s leading network of independent law firms, DGS has access to in-depth experience in 100+ countries worldwide.