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30 CFR 1212.50

§ 1212.50 Required recordkeeping and reports.

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

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30 CFR 1212.50, § 1212.50 Required recordkeeping and reports, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/137906
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Full text

All records pertaining to offshore and onshore Federal and Indian oil and gas leases shall be maintained by a lessee, operator, revenue payor, or other person for 6 years after the records are generated unless the recordholder is notified, in writing, that records must be maintained for a longer period. When an audit or investigation is underway, records shall be maintained until the recordholder is released by written notice of the obligation to maintain records.

Legislative history

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