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Regulation tightens around royalty valuation on federal lands

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Report summary

The US federal government is tightening the rules for the valuation of oil and gas royalties on federal lands with effect from 1 January 2017. The Office of Natural Resources Revenue (ONRR) is establishing the right to reject a company's valuation of its oil and gas production and/or its reported transportation costs if it considers these to be unreasonable. In these situations the wellhead values will be based on a default valuation mechanism effectively giving the ONRR the authority to decide on the "most appropriate" values on a case by case basis.

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    Regulation tightens around royalty valuation on federal lands

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  • Top 5 companies with production from US federal lands

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  • Regulation tightens around royalty valuation on federal lands: Table 1

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