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 REVENUE
Part 1220 - ACCOUNTING PROCEDURES FOR DETERMINING NET PROFIT SHARE PAYMENT FOR OUTER CONTINENTAL SHELF OIL AND GAS LEASES
Section 1220.022 - Calculation of net profit share payment

30 C.F.R. § 1220.022

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Current through September 30, 2024
Section 1220.022 - Calculation of net profit share payment

The net profit share payment shall be calculated by multiplying the net profit share base calculated in accordance with § 1220.021 by the net profit share rate. The net profit share payment shall be paid to the United States in accordance with § 1220.031 .

30 C.F.R. §1220.022

45 FR 36800, May 30, 1980, as amended at 75 FR 61087, Oct. 4, 2010