ONRR Valuation Rule Stay

Today I was contacted by email by the Office of Natural Resources Revenue.  They informed me that the consolidated Federal Oil & Gas and Indian & Federal Coal Valuation Reform Rule is STAYED.   Please refer to the Dear Reporter Letter below for details on the...

ONRR Training Dates

Please note the following ONRR Oil and Gas Reporting training dates: October 17, 2016 – Denver, Colorado November 2, 2016 – Albuquerque, New Mexico November 8, 2016 – Houston, Texas November 10, 2016 – Tulsa, Oklahoma November 16, 2016 –...

ONRR Unbundles EUNICE Gas Plant

On March 23rd, 2016, the Office of Natural Resources Revenue (ONRR) published Unbundling Cost Allocations (UCAs) for the Eunice Gas Plant for the years 2008-2015. The new UCAs are available at the Office of Natural Resources Revenue website, onrr.gov/unbundling and...

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...