§ 560.220. How does royalty suspension apply to leases issued in a sale held after November 2000?
88 words·~1 min read·
/us/cfr/t30/s§ 560.220·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
We may issue leases with suspension of royalties for a period, volume or value of production, as authorized in section 303 of the Act. For purposes of this section and §§ 560.121 through 560.124:
(a)Any volumes of production that are not normally royalty-bearing under the lease or the regulations (e.g., fuel gas) do not count against royalty suspension volumes; and
(b)Production includes volumes allocated to a lease under an approved unit agreement. \[76 FR 64623, Oct. 18, 2011. Redesignated at 81 FR 18175, Mar. 30, 2016\]
Connections1 cite this
Cited by 1 section
Citation graph
cites case law
§ 560.220
How does royalty suspension apply to leases issued in a sale held after November 2000?
Fed. Reg.×1
Cites 0Cited by 1 across 1 source