§ 1206.355. How do I calculate royalty due on geothermal resources I sell at arm's length to a purchaser for direct use?
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/us/cfr/t30/s§ 1206.355·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If you sell geothermal resources produced from Class I, II, or III leases at arm's length to a purchaser for direct use, then the royalty on the geothermal resource is the gross proceeds accruing to you from the sale of the geothermal resource to the arm's-length purchaser multiplied by the royalty rate in your lease or that BLM prescribes under 43 CFR 3211.18. See § 1206.361 for additional provisions applicable to determining gross proceeds under arm's-length sales.
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- 43 CFR 3211.18
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§ 1206.355
How do I calculate royalty due on geothermal resources I sell at arm's length to a purchaser for direct use?
Cite43 CFR 3211.18
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