§ 560.210. How do royalty suspension volumes apply to eligible leases?
86 words·~1 min read·
/us/cfr/t30/s§ 560.210·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Royalty suspension volumes, as specified in section 304 of the Act, apply to eligible leases that meet the criteria in § 560.113. For purposes of this section and §§ 560.113 through 560.117:
(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. \[76 FR 64623, Oct. 18, 2011. Redesignated at 81 FR 18175, Mar. 30, 2016\]