Code of Federal Regulations · Section
§ 203.42 — What Conditions And Limitations Apply To Royalty Relief For Deep Wells And Phase 1 Ultra-deep Wells?
30 C.F.R. § 203.42
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The conditions and limitations in the following table apply to royalty relief under § 203.41.
If your first qualified deep well is a sidetrack with a perforated interval whose top is 16,000 feet TVD SS and earns an RSV of 12.5 BCF, and you later drill a qualified original deep well to 17,000 feet TVD SS, the RSV for your lease remains at 12.5 BCF and does not increase to 15 BCF. However, under paragraph (c) of § 203.41, if you subsequently drill a qualified deep well to a depth of 18,000 feet or greater TVD SS, you may earn an additional RSV.
Authorizing Statute
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Definitions30 U.S.C. § 351
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Definitions30 U.S.C. § 1001
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Leases of unallotted lands for mining purposes; duration of leases25 U.S.C. § 396a
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Definitions43 U.S.C. § 1301
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Fees and charges for Government services and things of value31 U.S.C. § 9701
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Congressional statement of findings and purposes30 U.S.C. § 1701
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Leases of allotted lands for mining purposes25 U.S.C. § 396
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Definitions25 U.S.C. § 2101
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Definitions43 U.S.C. § 1331
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Congressional findings43 U.S.C. § 1801