The Office of Natural Resources Revenue (ONRR) has issued a notice detailing the options available for accounting and auditing relief for Federal oil and gas production from marginal properties. These options include the opportunity to submit one annual royalty report or request other specific forms of relief. Each state decides whether to participate in these relief options, and this notice lists the states' decisions for the calendar year 2025. The relief options aim to simplify requirements for marginal properties that meet certain production thresholds.
Simple Explanation
The notice explains that states can choose whether or not to make it easier for small oil and gas sites on federal land to report and pay what they owe for using the land. Each state decides if they want to help, but the document doesn't say which states said "yes" or "no," making things a bit confusing.