Important change to the calculation of interest


On December 4, 2015, the President signed H.R. 22, the “Fixing America’s Surface Transportation Act” into law (P.L. 114-94). P.L. 114-94 includes Section 32301–Interest On Overpayment, which amends the Federal Oil and Gas Royalty Management Act of 1982 to eliminate interest on company overpayments.
What this means is that ONRR will no longer pay interest on your overpayments. We will send additional information in the near future and keep you informed as this legal provision is implemented.

If you have questions, please contact Mr. Hans Meingast at (303) 231-3382 or me at (303) 231-3289.

Barbara J. Lambert
Program Manager, Financial Management
Financial & Production Management (FPM)
DOI, Office of the Secretary, ONRR

Email: Barbara.Lambert@onrr.gov
Office: (303) 231-3289
Work Cell: (303) 330-5334
Fax: (303) 445-8762