by Jim Winchester, IPANM Executive Director | Nov 28, 2015 | ISSUES, Natural Resources Revenue (ONRR)
On September 16, 2015, the Office of Natural Resource Revenue (ONRR) sent out an email that the Yscloskey Gas Plant (Targa, Louisiana) operators must amend their reporting as to the allowable portion of contractual processing fees for the years 2008 – 2012. See...
by Jim Winchester, IPANM Executive Director | Jun 15, 2015 | ISSUES, Natural Resources Revenue (ONRR)
Effective July 1, 2015, ONRR will have new reporting requirements associated with oil production on Indian Lands. This final rule was posted in the Federal register on May 1, 2015. The simplified impact of this rule is an increase in the effective royalty value that...
by Jim Winchester, IPANM Executive Director | Apr 23, 2015 | ISSUES, Natural Resources Revenue (ONRR)
Please find below a message IPANM received from ONRR regarding updated information for several plants in the San Juan Basin. Please note that there is a pending rule for which we are intending to comment by the deadline of May 8th which will impact OIL producers...
by Jim Winchester, IPANM Executive Director | Sep 17, 2014 | ISSUES, Natural Resources Revenue (ONRR)
Last week the ONRR published new documents as examples of how to calculate unbundling percentages for several plants. On the ONRR webpage, they again give industry an example of how they expect operators to do the unbundling – still requiring operators to use...
by Jim Winchester, IPANM Executive Director | Jul 11, 2014 | ISSUES, Natural Resources Revenue (ONRR)
The Office of Natural Resource Recovery (ONRR) is at it again. This time, they have proposed a rule that would effectively water down the ‘knowing and willful’ standard that the agency must use to prove that an oil and gas producer made a mistake in...
by Jim Winchester, IPANM Executive Director | Jan 24, 2014 | ISSUES, Natural Resources Revenue (ONRR)
On January 21, 2014, the Asset Valuation Unbundling Team (AVUT) added an example on how to apply the Unbundling Cost Allocations (UCAs) for the San Juan Conventional Transportation System and Ignacio Processing Plant for 2006-2010. According to the ONRR informational...