[Federal Register Volume 64, Number 202 (Wednesday, October 20, 1999)]
[Rules and Regulations]
[Pages 56454-56455]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27311]


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DEPARTMENT OF THE INTERIOR

Minerals Management Service

30 CFR Parts 202 and 206

RIN 1010-AB57


Training Sessions on Gas Valuation for Indian Leases

AGENCY: Minerals Management Service, Interior.

ACTION: Notice of training sessions.

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SUMMARY: The Minerals Management Service is offering six training 
sessions on our revised Indian gas valuation regulations that are 
effective January 1, 2000.

DATES: See SUPPLEMENTARY INFORMATION section for meeting dates.

ADDRESSES: See SUPPLEMENTARY INFORMATION section for meeting addresses.

FOR FURTHER INFORMATION CONTACT: Ms. Vicki Skinner, Royalty Valuation 
Division, Royalty Management Program, Minerals Management Service, P.O. 
Box 25165, MS 3152, Denver, CO 80225-0165; telephone number (303) 275-
7241, fax number (303) 275-7227.

SUPPLEMENTARY INFORMATION: The dates and locations of the training 
sessions are as follows:
    1. Oklahoma City, OK: November 1, 1999, 9 a.m. to 4 p.m., Central 
time. Clarion Airport West Hotel, 737 S. Meridian, Oklahoma City, OK 
73108; telephone number (405) 942-8511.
    2. Tulsa, OK: November 3, 1999, 9 a.m. to 4 p.m., Central time. 
Radisson Inn, 2201 N. 77th East Ave., Tulsa, OK 74115; telephone number 
(918) 835-9911.
    3. Farmington, NM: November 16, 1999, 9 a.m. to 4 p.m., Mountain 
time. Holiday Inn, 600 E. Broadway, Farmington, NM 87401; telephone 
number (505) 327-9811.
    4. Houston, TX: November 30, 1999, 9 a.m. to 4 p.m., Central time. 
Embassy Suites Hotel, 9090 Southwest Freeway, Houston, TX 77074; 
telephone number (713) 995-0123.
    5. Dallas, TX: December 6, 1999, 9 a.m. to 4 p.m., Central time. 
Embassy Suites Market, 2727 Stemmons Freeway, Dallas, TX 75207; 
telephone number (214) 630-5332.
    6. Denver, CO: December 15, 1999, 9 a.m. to 4 p.m., Mountain time. 
Holiday Inn, 14707 W. Colfax Ave., Golden, CO 80401; telephone number 
(303) 279-7611.
    MMS published revised Indian gas valuation regulations in the 
Federal Register on August 10, 1999 (64 FR 43506). The revised 
regulations add alternative valuation methods to existing regulations 
to ensure that Indian lessors receive maximum revenues from their 
mineral resources as required by the unique terms of Indian leases and 
MMS's trust responsibility to Indian lessors. The revised regulations 
will also improve the accuracy of royalty payments at the time 
royalties are due.
    If you produce gas from Indian lands, the new regulations affect 
you, and we strongly encourage you to attend one of these training 
sessions. Some of the topics that will be covered include:


[[Page 56455]]


--How do you value gas in an index zone using the index-based formula?
--How do you value gas not in an index zone?
--How do you make a dual accounting election?
--What are the changes to transportation and processing allowances?

    MMS is offering these training sessions at no cost to oil and gas 
industry representatives and members of the public who have an interest 
in the valuation of gas produced from Indian lands. You must make your 
own travel and hotel reservations for the training. MMS will not 
reserve blocks of rooms.
    If you plan to attend training, please register for the session by 
calling or sending a fax to Vicki Skinner at the telephone or fax 
numbers in the FOR FURTHER INFORMATION CONTACT section of this notice. 
Seating is limited, and we need to know the number in your party.
Joan Killgore,
Acting Associate Director for Royalty Management.
[FR Doc. 99-27311 Filed 10-19-99; 8:45 am]
BILLING CODE 4310-MR-P