WASHINGTON, July 6 -- Office of Natural Resources Revenue has issued a notice called: Agency Information Collection Activities: Federal Oil and Gas Valuation.
The notice was published in the Federal Register on July 6 by April Lockler, Acting Director of the Office of Natural Resources Revenue.
Summary: In accordance with the Paperwork Reduction Act of 1995 (PRA), ONRR is proposing to renew an information collection. Through this Information Collection Request (ICR), ONRR seeks renewed authority to collect information necessary to verify proper reporting and payment of royalties and other amounts due to the United States under Federal oil and gas leases; determine requests for prepayment or accounting and auditing relief for certain margi...