U.S. Department of the Interior's Royalty Management Program: Oversight Hearings Before the Subcommittee on Mining and Natural Resources of the Committee on Interior and Insular Affairs, House of Representatives, One Hundredth Congress, First Session, on U.S. Department of the Interior's Royalty Management Program, Hearings Held in Washington, DC, April 28 and 30, 1987 |
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Common terms and phrases
amended applied arm's-length contract audit auditors black lung ceiling prices Chairman coal produced coal valuation collect Colorado Committee companies computed Congress Conoco court crude oil deduction Department determined electric Federal and Indian Federal Coal Leasing federal coal royalties federal royalty fees FERC gross proceeds IBLA Indian leases Indian tribes interest Interior IPAMS issue lands length contract lessee lessee's lessor million mined Minerals Management Service MMS's natural gas Navajo Nation NGPA offshore oil and gas onshore operator PAAS paid pay royalties percent pipeline posted price Powder River Basin product valuation proposed regulations proposed rule purchaser pursuant RAHALL rate of return received retroactive revenues RMAC royalty payments royalty purposes royalty rate royalty valuation rulemaking sales price Secretary severance taxes sold surface mined take-or-pay tion transportation allowance transportation costs tribal utility valuation regulations WCTL wellhead Wind River Reservation Wyoming
Popular passages
Page 320 - Aaa Bonds which are rated Aaa are judged to be of the best quality. They carry the smallest degree of investment risk and are generally referred to as "gilt edge." Interest payments are protected by a large or by an exceptionally stable margin and principal is secure. While the various protective elements are likely to change, such changes as can be visualized are most unlikely to impair the fundamentally strong position of such issues.
Page 520 - ... it is the continuing policy of the Federal Government, in cooperation with State and local governments, and other concerned public and private organizations, to use all practicable means and measures, including financial and technical assistance, in a manner calculated to foster and promote the general welfare...
Page 749 - ... proceeds accruing to the lessee from the sale thereof or less than the value computed on such reasonable unit value as shall have been determined by the Secretary. In the absence of good reason to the contrary, value computed on the basis of the highest price...
Page 389 - Where the application is for a reduction in royalty full information shall be furnished as to whether royalties or payments out of production are paid to others than the United States, the amounts so paid and efforts made to reduce them. The applicant must also file agreements of the holders of the lease and of the royalty holders to a permanent reduction of all other royalties from the leasehold to an aggregate not in excess of one-half the Government royalties.
Page 244 - Major rule" means any regulation that is likely to result in: (1) An annual effect on the economy of $100 million or more; (2) A major increase in costs or prices for consumers, individual industries. Federal. State, or local government agencies, or geographic regions; or (3) Significant adverse effects on competition, employment, Investment, productivity, Innovation, or on the ability of United States-based enterprises to compete with foreign-based enterprises in domestic or export markets.
Page 674 - But such retroactivity must be balanced against the mischief of producing a result which is contrary to a statutory design or to legal and equitable principles. If that mischief is greater than the ill effect of the retroactive application of a new standard, it is not the type of retroactivity which is condemned by law.
Page 750 - Secretary may establish reasonable minimum values for purposes of computing royalty on products obtained from this lease, due consideration being given to the highest price paid for a part or for a majority of production of like quality in the same field, or area, to the price received by the Lessee, to posted prices, and to other relevant matters.
Page 301 - Whatever, in the circumstances, would be reasonably expected of operators of ordinary prudence, having regard to the interests of both lessor and lessee, is what is required.
Page 749 - Value basis for computing royalties. The value of production, for the purpose of computing royalty, shall be the estimated reasonable value of the product as determined by the supervisor...
Page 392 - ... shall be interrupted by strikes, the elements, or casualties not attributable to the lessee...