Regulation Identifier Number 1010-AC72
Amendments to Gas Valuation Regulations for Indian Leases
Abstract:The Minerals Management Service (MMS) removed the special timing requirements for adjustments and audits of royalties on gas produced from Indian leases in the States of Montana and North Dakota. These timing requirements may force Tribal and MMS auditors to expend additional time and money or postpone ongoing audits to meet the restricted time periods. Removing these timing restrictions should increase royalties collected from Indian leases in these States.