1. Regulations
  2. title 30
  3. chapter XII
  4. part 1202
  5. subpart J
  6. § 1202.553

View all text of Subpart J [§ 1202.550 - § 1202.558]

§ 1202.553 - How do I value my production if I take more than my entitled share?

If you take more than your entitled share of production from a lease in an AFA for any month, you must determine the weighted-average value of all of the production that you take using the procedures in 30 CFR part 1206, and use that value for your entitled share of production.

AUTHORITY: 5 U.S.C. 301

SOURCE: 48 FR 35641, Aug. 5, 1983, unless otherwise noted. Redesignated at 75 FR 61066, Oct. 4, 2010.

CITE AS: 30 CFR 1202.553