OFFICE OF NATURAL RESOURCES REVENUE ISSUES PROPOSED RULE: FEDERAL OIL, GAS, AND COAL AMENDMENTS

WASHINGTON, June 30 -- Office of Natural Resources Revenue has issued a proposed rule called: Federal Oil, Gas, and Coal Amendments.

The proposed rule was published in the Federal Register on June 30 by April Lockler, Acting Director of the Office of Natural Resources Revenue.

Summary: Consistent with Executive and Secretary's orders, ONRR proposes to amend ONRR's Federal oil, gas, and coal valuation regulations and to specify the standard of review for Director-level appeals. This rulemaking also proposes changes that will likely reduce cost and burden to industry and the Federal Government by simplifying regulatory requirements and ultimately incentivize production to unleash energy dominance. ONRR solicits comments on all aspects of th...