Search Results for agency_names:"Natural Resources Revenue Office"

The Office of Natural Resources Revenue (ONRR) is delaying the effective date of its "2020 Valuation Reform and Civil Penalty Rule" from February 16, 2021, to April 16, 2021. This decision follows the January 20, 2021, White House directive to pause and review pending regulations, ensuring they properly consider applicable laws and policies. The delay also opens a 30-day comment period for public input on the rule's legal and policy foundations and the impact of the delay itself. The ONRR hopes to gather feedback on various concerns, particularly how recent changes in Executive Orders and potential adjustments to royalty calculations might affect the rule.

The Office of Natural Resources Revenue (ONRR), part of the Interior Department, announced a final rule to adjust civil monetary penalties for inflation, effective January 10, 2025. This adjustment follows the Federal Civil Penalties Inflation Adjustment Act and annual guidance from the Office of Management and Budget (OMB). The rule updates the penalty amounts under the Federal Oil and Gas Royalty Management Act, ensuring consistency with inflation. It does not introduce significant economic changes or impose new burdens on the public.

The Office of Natural Resources Revenue (ONRR) has issued a final rule that updates regulations on how oil, gas, and coal are valued for royalty purposes from Federal and Indian leases, and how civil penalties for certain violations are assessed. The rule reintroduces the option for gas lessees to use an index-based valuation method, removes some limitations on transportation and processing allowances, and clarifies definitions and procedures for valuation. It also explains that civil penalties for payment violations will be assessed more transparently, considering the monetary impact of the violation, and clarifies how ONRR considers mitigating and aggravating circumstances, aiming to increase transparency and fairness.

The Office of Natural Resources Revenue (ONRR) has issued a final rule to adjust its maximum civil monetary penalties for inflation experienced from October 2019 to October 2020. This adjustment is required by the Federal Civil Penalties Inflation Adjustment Act and affects penalties related to violations under the Federal Oil and Gas Royalty Management Act. The new rates are based on the Consumer Price Index and are effective immediately as of February 2, 2021. The rulemaking complies with various executive orders and acts, including the Regulatory Flexibility Act and the Paperwork Reduction Act.