WASHINGTON, July 22 -- Office of Natural Resources Revenue has issued a notice called: 2026 Civil Monetary Penalty Inflation Adjustments.
The notice was published in the Federal Register on July 22 by April Lockler, Acting Director of the Office of Natural Resources Revenue.
Summary: Pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (collectively referred to herein as the "Inflation Adjustment Acts"), and Office of Management and Budget ("OMB") guidance, ONRR annually adjusts its civil monetary penalty ("CMP") amounts it assesses under the Federal Oil and Gas Royalty Management Act of 1982 ("FOGRMA") for inflation. This noti...