§ 203.34 To which production may an RSV earned by qualified phase 2 and phase 3 ultra-deep wells on my lease not be applied?
FederalRegulations
Ask Donna
How this section applies to your facts.
Title 30 CFR: Mineral Resources › Chapter II: BUREAU OF SAFETY AND ENVIRONMENTAL ENFORCEMENT, DEPARTMENT OF THE INTERIOR › Part 203: RELIEF OR REDUCTION IN ROYALTY RATES › Subpart B: OCS Oil, Gas, and Sulfur General › § 203.34: § 203.34 To which production may an RSV earned by qualified phase 2 and phase 3 ultra-deep wells on my lease not be applied?
Text
You may not apply an RSV earned under § 203.31:
(a) To production from completions less than 15,000 feet TVD SS, except in cases where the qualified well is re-perforated in the same reservoir previously perforated deeper than 15,000 feet TVD SS;
(b) To production from a deep well or ultra-deep well on any other lease, except as provided in paragraph (c) of § 203.33;
(c) To any liquid hydrocarbon (oil and condensate) volumes; or
(d) To production from a deep well or ultra-deep well that commenced drilling before:
(1) March 26, 2003, on a lease that is located entirely or partly in water less than 200 meters deep; or
(2) May 18, 2007, on a lease that is located entirely in water more than 200 meters deep.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.