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of Land Management and Office of Natural Resources Revenue rules have been finalized, appealed, put on hold in part, or withdrawn entirely.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:
Thursday, January 18, 2018
1550 17th Street
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.