[Federal Register Volume 59, Number 113 (Tuesday, June 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14331]


[[Page Unknown]]

[Federal Register: June 14, 1994]


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DEPARTMENT OF THE INTERIOR
Minerals Management Service

 

Information Collection Submitted to the Office of Management and 
Budget for Review Under the Paperwork Reduction Act

    The collection of information listed below has been submitted to 
the Office of Management and Budget for approval under the provisions 
of the Paperwork Reduction Act (44 U.S.C. chapter 35). Copies of the 
information collection requirement and related explanatory material may 
be obtained by contacting Jeane Kalas at (303) 231-3046. Comments and 
suggestions on the requirement should be made directly to the Bureau 
Clearance Officer at the telephone number listed below, and to the 
Office of Management and Budget Paperwork Reduction Project, 
Washington, DC, 20503, telephone (202) 395-7340.
    Title: Dual Accounting Information Collection.
    OMB Approval Number: None.
    Abstract: The Minerals Management Service (MMS), acting as agent of 
the United States Government, has a trust responsibility in the 
administration of Indian oil and gas leases. In carrying out this trust 
responsibility the MMS is conducting an inquiry into compliance with 
dual accounting requirements contained in regulations at 30 CFR 
206.155. These regulations require that, where lease terms provide, 
accounting for comparison (dual accounting) must be performed in 
determining the value of natural gas production for royalty purposes. 
The inquiry will initially involve approximately 90 lessees and royalty 
payors on leases on Jicarilla Apache Tribal lands. Royalty payors on 
these leases will be required to submit a statement that as a matter of 
actual practice and company policy, company personnel did or did not 
each year since March 1, 1988, compare the value of unprocessed wet gas 
with the combined value of dry methane and extracted products derived 
from processing, less the allowed cost of processing, compare those 
values with gross proceeds accruing from disposition of production, and 
then select the highest of these measures as the value of production on 
which the company paid royalties. Upon conclusion of this inquiry, MMS 
may undertake further audit or other investigation of company records.
    Frequency: One time only.
    Description of Respondents: 90 Indian lease royalty payors.
    Estimated Completion Time: 5 hours.
    Estimated Responses: 90.
    Estimated Burden Hours: 450.
    Bureau Clearance Officer: Arthur Quintana (703) 787-1101.

    Dated: May 5, 1994.
James W. Shaw,
Associate Director for Royalty Management.
[FR Doc. 94-14331 Filed 6-13-94; 8:45 am]
BILLING CODE 4310-MR-M