Establishing Oil Value for Royalty Due on Federal Leases

DEPARTMENT OF THE INTERIOR

Minerals Management Service

30 CFR Part 206

RIN 1010-AC09

Establishing Oil Value for Royalty Due on Federal Leases

AGENCY: Minerals Management Service, Interior.

ACTION: Further supplementary proposed rule; notice of extension of

public comment period.

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SUMMARY: The Minerals Management Service (MMS) hereby gives notice that

it is extending the public comment period on a further supplementary

proposed rule, which was published in the Federal Register on July 16,

1998 (63 FR 38355). This proposal amends the royalty valuation

regulations for crude oil produced from Federal leases. MMS will extend

the comment period from July 24, 1998, to July 31, 1998.

DATES: Comments must be submitted on or before July 31, 1998.

ADDRESSES: Mail comments, suggestions, or objections about this further

supplementary proposed rule to: Minerals Management Service, Royalty

Management Program, Rules and Publications Staff, P.O. Box 25165, MS

3021, Denver, Colorado, 80225-0165. Courier address is Building 85,

Denver Federal Center, Denver, Colorado 80225. E-mail address is

RMP.[email protected].

FOR FURTHER INFORMATION CONTACT: David S. Guzy, Chief, Rules and

Publications Staff, telephone number (303) 231-3432, fax number (303)

231-3385, e-mail RMP.[email protected].

SUPPLEMENTARY INFORMATION: The purpose of this time extension is to

allow the public an opportunity to comment on the recent Congressional

meetings about the proposed oil royalty valuation rule. Notes from

these meetings are posted on the MMS website at: http://

www.rmp.mms.gov/library/readroom/readrm.htm.

Dated: July 23, 1998.

R. Dale Fazio,

Acting Associate Director for Royalty Management.

[FR Doc. 98-20149 Filed 7-24-98; 8:45 am]

BILLING CODE 4310-MR-P