July 2, 2013: ONRR UBT Updates Values;
The ONRR unbundling team has released the following notice regarding UCAs for the Val Verde Transportation System and Treatment Plant. As per our workshop discussion (IPANM ONRR Training, June 24-25, 2013), it would appear that any claims made between 2006 and 2010 will now need to be reversed and rebooked with the new numbers unless you have information in your files demonstrating a good faith basis for the deductibility percentages you used.
“On July 2nd, 2013, the Asset Valuation Unbundling Team (AVUT) updated the Unbundling Cost Allocations (UCAs) for the Val Verde Transportation System and Treatment Plant for calendar years 2006 through 2010. AVUT updated these values because the team received more accurate information concerning Val Verde. These UCAs are available at the Office of Natural Resources Revenue (ONRR) website, onrr.gov/unbundling, and relate to the allowable portion of contractual transportation and processing fees. AVUT modified all values for Val Verde with the exception of the Processing UCAs. AVUT added a new set of values to distinguish between the El Paso andTranswestern mainlines. If you need to see previously published values, or have any questions, please direct these inquiries to onrrunbundling@onrr.gov.”
June 28, 2013: ONRR Publishes Changes to Regulations;
Most notable is the removal of the definition for RIK from the regulations. In addition, the Department changed the timing of the determination of transportation allowances to give them more flexibility.
§ 1206.57 Determination of transportation allowances
*** * *?(c) * * *?(3) ONNR may establish reporting
dates for individual lessees different from those specified in this subpart in order to provide more effective administration. * * *
*** * *?[FR Doc. 2013–15691 Filed 6–27–13; 8:45 am]
