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Vol. 80 Tuesday, No. 3 January 6, 2015, Part II Department of the Interior Kelley on DSK3SPTVN1PROD with PROPOSALS2 Office of Natural Resources Revenue 30 CFR Parts 1202 and 1206 Consolidated Federal
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How to fill out 30 cfr parts 1202
How to fill out 30 CFR Parts 1202:
01
Begin by familiarizing yourself with the purpose and requirements of 30 CFR Parts 1202. This regulation governs the reporting and disclosure of production and royalty data from Federal and Indian leases. Understanding the objectives and guidelines will help you accurately complete the form.
02
Collect all necessary information and data. You will need to gather production data for all leases subject to reporting, including details such as lease number, production volume, and royalty value. Ensure that you have accurate and up-to-date records to prevent any discrepancies.
03
Carefully review the instructions provided with the 30 CFR Parts 1202 form. The instructions will provide step-by-step guidance on how to complete each section and what specific information is required. Read through them thoroughly to minimize errors and omissions.
04
Fill out the form accurately and completely. Use the information and data you collected in step 2 to enter the required details in each section of the form. Pay attention to any specific formatting requirements or additional instructions provided.
05
Double-check your entries for accuracy. It is important to review your completed form to ensure that all information is correct and properly documented. This will help in avoiding any delays or issues with reporting or disclosures.
06
Submit the completed 30 CFR Parts 1202 form as per the specified guidelines. Follow the designated submission process, whether it is via electronic means or physical delivery. Ensure that you meet all deadlines and requirements to comply with the reporting regulations.
Who needs 30 CFR Parts 1202:
01
Companies and individuals operating on Federal and Indian leases for the extraction of minerals, including oil and gas, are required to comply with the reporting and disclosure regulations outlined in 30 CFR Parts 1202. This includes lessees, operators, and anyone involved in the production and royalty processes.
02
The regulations also extend to agencies, contractors, and subcontractors that perform functions related to the lease operations, as their activities may impact production and royalty data.
03
Compliance with 30 CFR Parts 1202 is essential for ensuring transparency, accuracy, and accountability in reporting production and royalty data, benefiting both the government and stakeholders in the extraction industry.
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What is 30 cfr parts 1202?
30 CFR Parts 1202 refers to the regulations set forth by the United States Department of the Interior relating to royalties on offshore oil and gas leases.
Who is required to file 30 cfr parts 1202?
Operators who hold offshore oil and gas leases on federal lands are required to file 30 CFR Parts 1202.
How to fill out 30 cfr parts 1202?
Operators must accurately report the production and royalties from their offshore oil and gas leases according to the guidelines provided in 30 CFR Parts 1202.
What is the purpose of 30 cfr parts 1202?
The purpose of 30 CFR Parts 1202 is to ensure accurate reporting and payment of royalties on offshore oil and gas leases to the federal government.
What information must be reported on 30 cfr parts 1202?
Operators must report production volumes, sales prices, transportation costs, and royalty calculations for each offshore oil and gas lease.
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