# 30 CFR § 1206.55: What are my responsibilities to place production into marketable condition and to market production?

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-30-1206.55

## Section

- **Citation:** 30 CFR § 1206.55
- **Heading:** What are my responsibilities to place production into marketable condition and to market production?
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 30—Mineral Resources > CHAPTER XII—OFFICE OF NATURAL RESOURCES REVENUE, DEPARTMENT OF THE INTERIOR > SUBCHAPTER A—NATURAL RESOURCES REVENUE > PART 1206—PRODUCT VALUATION > Subpart B—Indian Oil

## Text

(a) You must place oil in marketable condition and market the oil for the mutual benefit of the lessee and the lessor at no cost to the Indian lessor unless the lease agreement provides otherwise.
(b) If you must use gross proceeds under an arm's-length contract or your affiliate's gross proceeds under an arm's-length exchange agreement to determine value under § 1206.52 or § 1206.53, you must increase those gross proceeds to the extent that the purchaser, or any other person, provides certain services that the seller normally would be responsible to perform in order to place the oil in marketable condition or to market the oil.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-30-1206.55. Check the current official text before relying on it. Not legal advice.