Title 30, Part 556 — Leasing of Sulfur or Oil and Gas and Financial Assurance Requirements in the Outer Continental Shelf

Statement of policy.

Purpose.

Authority.

[Reserved]

Information collection and proprietary information.

Acronyms and definitions.

Service fees.

Corporate seal requirements.

What is the Five Year leasing program?

Does BOEM consider multiple uses of the OCS?

How does BOEM start the Five Year program preparation process?

What does BOEM do before publishing a proposed Five Year program?

How do governments and citizens comment on a proposed Five Year program?

What does BOEM do before approving a proposed final Five Year program or a significant revision of a previously-approved Five Year program?

What reports may BOEM and other Federal agencies prepare before a lease sale?

What is a Call for Information and Nominations?

What does BOEM do with the information from the Call?

What does BOEM do if an area proposed for leasing is within three nautical miles of the seaward boundary of a coastal State?

How is a proposed notice of sale prepared?

How does BOEM coordinate and consult with States regarding a proposed notice of sale?

What if a potentially oil- or gas-bearing area underlies both the OCS and lands subject to State jurisdiction?

What does BOEM do with comments and recommendations received on the proposed notice of sale?

How does BOEM conduct a lease sale?

Does BOEM offer blocks in a sale that is not on the Five Year program schedule (called a Supplemental Sale)?

When must I demonstrate that I am qualified to hold a lease on the OCS?

What do I need to show to become qualified to hold a lease on the OCS and obtain a qualification number?

How do I make the necessary showing to qualify and obtain a qualification number?

Under what circumstances may I be disqualified from acquiring a lease or an interest in a lease on the OCS?

What do the non-procurement debarment rules require that I do?

When must I notify BOEM of mergers, name changes, or changes of business form?

Once qualified, how do I submit a bid?

What information do I need to submit with my bid?

Are there restrictions on bidding with others and do those restrictions affect my ability to bid?

What bids may be disqualified?

When must I file a statement of production?

How do I determine my production for purposes of the restricted joint bidders list?

May a person be exempted from joint bidding restrictions?

What does BOEM do with my bid?

What may I do if my high bid is rejected?

What happens if I am the successful high bidder and BOEM accepts my bid?

When is my lease effective?

What are the terms and conditions of the lease and when are they published?

What is the primary term of my oil and gas lease?

How may I maintain my oil and gas lease beyond the primary term?

What is the primary term of my sulfur lease?

How may I maintain my sulfur lease beyond the primary term?

What are my rights and obligations as a record title owner?

What are my rights and obligations as an operating rights owner?

What must a lessee do if BOEM elects to extract helium from a lease?

May I assign or sublease all or any part of the record title interest in my lease?

How do I seek approval of an assignment of the record title interest in my lease, or a severance of operating rights from that record title interest?

When will my assignment result in a segregated lease?

What is the effect of the approval of the assignment of 100 percent of the record title in a particular aliquot(s) of my lease and of the resulting lease segregation?

When may BOEM disapprove an assignment or sublease of an interest in my lease?

How do I transfer the interest of a deceased natural person who was a lessee?

What if I want to transfer record title interests in more than one lease at the same time, but to different parties?

What if I want to transfer different types of lease interests (not only record title interests) in the same lease to different parties?

What if I want to transfer my record title interests in more than one lease to the same party?

What if I want to transfer my record title interest in one lease to multiple parties?

What is the effect of an assignment of a lease on an assignor's liability under the lease?

What is the effect of a record title holder's sublease of operating rights on the record title holder's liability?

What is the effective date of a transfer?

What is the effect of an assignment of a lease on an assignee's liability under the lease?

As a restricted joint bidder, may I transfer an interest to another restricted joint bidder?

Are there any interests I may transfer or record without BOEM approval?

What must I do with respect to the designation of operator on a lease when a transfer of record title is submitted?

As an operating rights owner, may I assign all or part of my operating rights interest?

How do I seek approval of an assignment of my operating rights?

When may BOEM disapprove the transfer of all or part of my operating rights interest?

What if I want to assign operating rights interests in more than one lease at the same time, but to different parties?

What if I want to assign my operating rights interest in a lease to multiple parties?

What is the effect of an operating rights owner's assignment of operating rights on the assignor's liability?

What is the effective date of an assignment of operating rights?

What is the effect of an assignment of operating rights on an assignee's liability?

As an operating rights owner, are there any interests I may assign without BOEM approval?

[Reserved]

What must I do with respect to the designation of operator on a lease when a transfer of operating rights ownership is submitted?

Financial assurance requirements for an oil and gas or sulfur lease.

Base and supplemental financial assurance.

General requirements for bonds or other financial assurance.

Lapse of financial assurance.

Decommissioning accounts.

Third-party guarantees.

Termination of the period of liability and cancellation of financial assurance.

Forfeiture of bonds or other financial assurance.

Leases formerly eligible for a bonus or royalty credit.

How does a lease expire?

May I relinquish my lease or an aliquot part thereof?

Under what circumstances will BOEM cancel my lease?

Effect of regulations on lease.

Section 6(a) leases and leases other than those for oil, gas, or sulfur.

Environmental studies.