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This document communicates the Office of Management and Budget's action regarding the revision of an approved information collection related to federal oil and gas valuation.
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How to fill out NOTICE OF OFFICE OF MANAGEMENT AND BUDGET ACTION

01
Obtain the NOTICE OF OFFICE OF MANAGEMENT AND BUDGET ACTION form from the official website or relevant agency.
02
Review the guidelines and instructions provided for completing the form.
03
Fill in the required information in the designated sections, including agency name, action type, and any relevant identification numbers.
04
Provide a detailed description of the action being submitted for OMB review.
05
Ensure that all necessary attachments and supporting documents are included with the form.
06
Review the completed form for accuracy and completeness.
07
Submit the form to the appropriate OMB office as specified in the guidelines.
08
Keep a copy of the submitted form for your records.

Who needs NOTICE OF OFFICE OF MANAGEMENT AND BUDGET ACTION?

01
Federal agencies that need to obtain approval for their proposed information collections.
02
Organizations acting on behalf of federal agencies that require OMB clearance.
03
Any entity seeking to ensure compliance with the Paperwork Reduction Act.
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Specifically, OMB's mission is to assist the President in meeting his policy, budget, management and regulatory objectives and to fulfill the agency's statutory responsibilities.
OMB is responsible for overseeing Federal agencies' information technology practices. As a part of this core function, OMB develops and ensures implementation of policies and guidelines that drive enhanced technology performance and budgeting across the Executive Branch.
OMB coordinates the development of the President's budget proposal by issuing circulars, memoranda, and guidance documents to the heads of executive agencies. Executive agencies may then prepare their budget requests in ance with the instructions and guidance provided by OMB.
OMB ensures that agency reports, rules, testimony, and proposed legislation are consistent with the president's budget and administration policies. OMB also oversees and coordinates the administration's procurement, financial management, information, and regulatory policies.
in the US, a government organization that helps the president prepare and control the annual budget: The director of the Office of Management and Budget had hoped that the elected officials could cut their total costs by $2.2 million.
OMB is responsible for overseeing Federal agencies' information technology practices. As a part of this core function, OMB develops and ensures implementation of policies and guidelines that drive enhanced technology performance and budgeting across the Executive Branch.
OMB assists the President in the discharge of his budgetary, management, and other executive responsibilities. More specifically, OMB assists the President in the preparation of the Federal budget and in managing its execution by the agencies.

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The Notice of Office of Management and Budget (OMB) Action is a document that indicates the OMB's approval or disapproval of a federal agency's proposed collection of information, which is required by the Paperwork Reduction Act.
Federal agencies that seek to collect information from the public are required to file the Notice of Office of Management and Budget Action.
To fill out the Notice of Office of Management and Budget Action, agencies must provide details about the proposed information collection, including the title, purpose, and burden on the public, as well as any supporting justification.
The purpose of the Notice of Office of Management and Budget Action is to ensure that the federal government minimizes the paperwork burden on individuals and organizations while still collecting necessary information for government operations.
The information that must be reported includes the title of the collection, the agency's name, the OMB control number, the type of request, the estimated number of respondents, the frequency of response, and a summary of the information's intended use.
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