30 CFR 581.29

§ 581.29 Royalty valuation.

United States · 30 CFR — Mineral Resources · Status: effective

Cite this

Citation: 30 CFR 581.29, § 581.29 Royalty valuation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/135672
Permanent ID: ys:prov:135672@1
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Full text

Unless stated otherwise in the leasing notice and subsequently issued lease, product valuation will be in accordance with the regulations in part 1206 of chapter XII. The value used in the computation of royalty shall be determined by the Director of the Office of Natural Resources Revenue.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.