Respondents provide BSEE with
information that lets BSEE decide whether the granting of a royalty
relief request will result in the ultimate production of resources
that would not be produced without relief. The application must
contain sufficient financial, economic, reservoir, geologic and
geophysical, production and engineering information to determine
whether the decision to grant relief will result in ultimate
increase in resource recovery, augment receipts to the Federal
Treasury, and provide for reasonable returns on project
investments.
The currently approved annual
hour burden is 2,635 hours. This submission requests 2,329 hours.
The difference is an adjustment decrease of 306 hours as a result
of re-estimating the amount of time required to respond and
lowering the response, for the most part, to once every 3 years.
The currently approved cost burden is $122,024. This submission
requests $117,441 representing an adjustment decrease of $4,583
resulting from re-estimating the annual number of
applications/responses (we are receiving far fewer applications
than originally expected) and associated costs (application/audit
fees and fewer CPA certification reports). Based on recent and
expected oil and gas prices, we foresee less need for and use of
the royalty relief program over the next several years.
$113,555
No
No
No
No
No
Uncollected
K. Nicole Mason 703 787-1605
nicole.mason@bsee.gov
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.