Statutes, codes, and regulations
Code of Federal Regulations
Title 30 - MINERAL RESOURCESChapter XII - OFFICE OF NATURAL RESOURCES REVENUE, DEPARTMENT OF THE INTERIORSubchapter A - NATURAL RESOURCES REVENUEPart 1206 - PRODUCT VALUATION
Subpart H - GEOTHERMAL RESOURCES
Section 1206.355 - How do I calculate royalty due on geothermal resources I sell at arm's length to a purchaser for direct use?

30 C.F.R. § 1206.355

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Current through September 30, 2024
Section 1206.355 - How do I calculate royalty due on geothermal resources I sell at arm's length to a purchaser for direct use?

If you sell geothermal resources produced from Class I, II, or III leases at arm's length to a purchaser for direct use, then the royalty on the geothermal resource is the gross proceeds accruing to you from the sale of the geothermal resource to the arm's-length purchaser multiplied by the royalty rate in your lease or that BLM prescribes under 43 CFR 3211.18 . See § 1206.361 for additional provisions applicable to determining gross proceeds under arm's-length sales.

30 C.F.R. §1206.355