23 Apr 2025
💰Major Portion Prices and Royalty Payment Deadlines for Gas
Major Portion Prices and Due Date for Additional Royalty Payments on Gas Produced From Indian Lands in Designated Areas That Are Not Associated With an Index Zone
Summary
In accordance with regulations governing valuation of gas produced from Indian lands, ONRR is publishing this notice in the Federal Register of the major portion prices applicable to calendar year 2023 and the date by which a lessee must pay any additional royalties due under major portion pricing.
Agencies
- Interior Department
- Natural Resources Revenue Office
Business Impact
$$$ - High
The content outlines compliance and regulatory requirements for lessees regarding additional royalty payments on gas produced from Indian lands, highlighting deadlines and financial penalties for non-compliance. Businesses involved in gas production must adhere to these regulations, impacting financial planning and cash flow management.