[Federal Register Volume 65, Number 143 (Tuesday, July 25, 2000)]
[Notices]
[Page 45797]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-18694]


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DEPARTMENT OF THE INTERIOR

Minerals Management Service

RIN 1010-AB57


Major Portion Prices and Due Dates for Additional Royalty 
Payments on Indian Gas Production in Designated Areas Not Associated 
with an Index Zone

AGENCY: Minerals Management Service (MMS), Interior.

ACTION: Notice of major portion prices.

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SUMMARY: Final regulations for valuing gas produced from Indian leases, 
published on August 10, 1999, require MMS to determine major portion 
values and notify industry by publishing the values in the Federal 
Register. The regulations also require MMS to publish a due date for 
industry to pay additional royalty based on the major portion value. 
This notice provides the major portion values and due dates for January 
and February 2000 production months.

EFFECTIVE DATES: January 1, 2000.

ADDRESSES: See FOR FURTHER INFORMATION CONTACT section below.

FOR FURTHER INFORMATION CONTACT: John Barder, Royalty Valuation 
Division, MMS; telephone, (303) 275-7234; FAX, (303) 275-7227; E-mail, 
[email protected]; mailing address, Minerals Management Service, 
Royalty Management Program, Royalty Valuation Division, P.O. Box 25165, 
MS 3152, Denver, Colorado 80225-0165.

SUPPLEMENTARY INFORMATION: On August 10, 1999, MMS published a final 
rule, titled ``Amendments to Gas Valuation Regulations for Indian 
Leases,'' with an effective date of January 1, 2000 (64 FR 43506). The 
gas regulations apply to all gas produced from Indian (tribal or 
allotted) oil and gas leases (except leases on the Osage Indian 
Reservation).
    The rule requires that MMS publish major portion prices for each 
designated area not associated with an index zone for each production 
month beginning January 2000 along with a due date for additional 
royalty payments. See 30 CFR 206.174(a)(4)(ii) (64 FR 43520, August 10, 
1999). If additional royalties are due based on a published major 
portion price, the lessee must submit an amended Form MMS-2014, Report 
of Sales and Royalty Remittance, to MMS by the due date. If additional 
royalties are not paid by the due date, late payment interest under 30 
CFR 218.54 (1999) will accrue from the due date until payment is made 
and an amended Form MMS-2014 is received. The table below lists the 
major portion prices for all designated areas not associated with an 
index zone and the due date for payment of additional royalties.

GAS MAJOR PORTION PRICES FOR JANUARY AND FEBRUARY 2000 AND DUE DATES FOR DESIGNATED AREAS NOT ASSOCIATED WITH AN
                                                   INDEX ZONE
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                  MMS-Designated Areas                      January 2000      February 2000         Due Date
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Blackfeet Reservation..................................        $1.73/MMBtu        $1.68/MMBtu         08/31/2000
Fort Belknap...........................................         3.72/MMBtu         3.81/MMBtu         08/31/2000
Fort Berthold..........................................         0.87/MMBtu         1.00/MMBtu         08/31/2000
Fort Peck Reservation..................................         1.47/MMBtu         1.67/MMBtu         08/31/2000
Navajo Allotted Leases in the Navajo Reservation.......         2.20/MMBtu         2.45/MMBtu         08/31/2000
Rocky Boys Reservation.................................         1.64/MMBtu         1.84/MMBtu         08/31/2000
Turtle Mountain Reservation............................         1.27/MMBtu         1.27/MMBtu         08/31/2000
Ute Allotted Leases in the Uintah and Ouray Reservation         2.18/MMBtu         2.38/MMBtu         08/31/2000
Ute Tribal Leases in the Uintah and Ouray Reservation..         2.18/MMBtu         2.38/MMBtu         08/31/2000
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    For information on how to report additional royalties due to major 
portion prices, please refer to our Dear Payor letter dated December 1, 
1999.

    Dated: July 19, 2000.
Lucy Querques Denett,
Associate Director for Royalty Management.
[FR Doc. 00-18694 Filed 7-24-00; 8:45 am]
BILLING CODE 4310-MR-P