§ 1218.52. How does a lessee designate a Designee?

325 words·~1 min read·/us/cfr/t30/s§ 1218.52·

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(a)If you are a lessee under 30 U.S.C. 1702(7), and you want to designate a person to make all or part of the payments due under a lease on your behalf under 30 U.S.C. 1712(a), you must notify ONRR or the applicable delegated state in writing of such designation by submitting Form ONRR-4425, Designation Form for Royalty Payment Responsibility. Your notification for each lease must include the following:

(1)The lease number for the lease;

(2)The type of products you make payments for e.g., oil, gas.

(3)The type of payments you are responsible for e.g., royalty, minimum royalty, rental.

(4)Whether you are:

(i)A lessee of record (record title owner) in the lease; or

(ii)An operating rights owner (working interest owner) in the lease, and the percentage of your operating rights ownership in the lease;

(5)The name, address, Taxpayer Identification Number (TIN), and phone number of your Designee;

(6)The name, address, and phone number of the individual to contact for the person you named in paragraph (a)(5) of this section;

(7)Your TIN;

(8)The date the designation is effective;

(9)The date the designation terminates, if applicable, and

(10)A copy of the written designation;

(b)The person you designate under paragraph

(a)of this section is your Designee under 30 U.S.C. 1701(24) and 30 U.S.C. 1712(a).

(c)If you want to terminate a designation you made under paragraph

(a)of this section, you must submit a revised Form ONRR-4425 before the termination stating:

(1)The date the designation is due to terminate; and

(2)If you are not reporting and paying royalties and making other payments to ONRR, a new designation under paragraph

(a)of this section.

(d)ONRR may require you to provide notice when there is a change in the percentage of your record title or operating rights ownership. \[62 FR 42066, Aug. 5, 1997, as amended at 73 FR 15898, Mar. 26, 2008\]

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§ 1218.52

How does a lessee designate a Designee?

Fed. Reg.×17

C.F.R.×2

U.S.C.§ 1702

U.S.C.§ 1712

U.S.C.§ 1701

Cites 3Cited by 19 across 2 sources