§ 560.214 How do I measure natural gas production on my eligible lease?
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Title 30 CFR: Mineral Resources › Chapter V: BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR › Part 560: OUTER CONTINENTAL SHELF OIL AND GAS LEASING › Subpart B: Bidding Systems › § 560.214: § 560.214 How do I measure natural gas production on my eligible lease?
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You must measure natural gas production on your eligible lease subject to the royalty suspension volume as follows: 5.62 thousand cubic feet of natural gas, measured according to 30 CFR part 250, subpart L, equals one barrel of oil equivalent.
[76 FR 64623, Oct. 18, 2011. Redesignated at 81 FR 18175, Mar. 30, 2016]
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