30 CFR § 203.34 - To which production may an RSV earned by qualified phase 2 and phase 3 ultra-deep wells on my lease not be applied?
---
identifier: "/us/cfr/t30/s203.34"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "30 CFR § 203.34 - To which production may an RSV earned by qualified phase 2 and phase 3 ultra-deep wells on my lease not be applied?"
title_number: 30
title_name: "Mineral Resources"
section_number: "203.34"
section_name: "To which production may an RSV earned by qualified phase 2 and phase 3 ultra-deep wells on my lease not be applied?"
chapter_name: "BUREAU OF SAFETY AND ENVIRONMENTAL ENFORCEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "A"
subchapter_name: "MINERALS REVENUE MANAGEMENT"
part_number: "203"
part_name: "RELIEF OR REDUCTION IN ROYALTY RATES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "25 U.S.C. 396 25 U.S.C. 396a 25 U.S.C. 2101 30 U.S.C. 181 30 U.S.C. 351 30 U.S.C. 1001 30 U.S.C. 1701 31 U.S.C. 9701; 42 U.S.C. 15903-15906; 43 U.S.C. 1301 43 U.S.C. 1331 and 43 U.S.C. 1801"
regulatory_source: "76 FR 64462, Oct. 18, 2011, unless otherwise noted."
cfr_part: "203"
---
# 203.34 To which production may an RSV earned by qualified phase 2 and phase 3 ultra-deep wells on my lease not be applied?
You may not apply an RSV earned under § 203.31:
(a) To production from completions less than 15,000 feet TVD SS, except in cases where the qualified well is re-perforated in the same reservoir previously perforated deeper than 15,000 feet TVD SS;
(b) To production from a deep well or ultra-deep well on any other lease, except as provided in paragraph (c) of § 203.33;
(c) To any liquid hydrocarbon (oil and condensate) volumes; or
(d) To production from a deep well or ultra-deep well that commenced drilling before:
(1) March 26, 2003, on a lease that is located entirely or partly in water less than 200 meters deep; or
(2) May 18, 2007, on a lease that is located entirely in water more than 200 meters deep.