---identifier: "/us/cfr/t30/s581.29"source: "ecfr"legal_status: "authoritative_unofficial"title: "30 CFR § 581.29 - Royalty valuation."title_number: 30title_name: "Mineral Resources"section_number: "581.29"section_name: "Royalty valuation."chapter_name: "BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR"subchapter_number: "B"subchapter_name: "OFFSHORE"part_number: "581"part_name: "LEASING OF MINERALS OTHER THAN OIL, GAS, AND SULPHUR IN THE OUTER CONTINENTAL SHELF"positive_law: falsecurrency: "2026-03-24"last_updated: "2026-03-24"format_version: "1.1.0"generator: "[email protected]"authority: "Section 104, Public Law 97-451, 96 Stat. 2451 (30 U.S.C. 1714), Public Law 109-432, Div C, Title I, 120 Stat. 3000; 30 U.S.C. 1751; 31 U.S.C. 9701; 43 U.S.C. 1334; 33 U.S.C. 2704, 2716; E.O. 12777, as amended; 43 U.S.C. 1331 43 U.S.C. 1337."regulatory_source: "76 FR 64623, Oct. 18, 2011, unless otherwise noted."cfr_part: "581"---
Identifier
/us/cfr/t30/s581.29
Currency
2026-03-24
Positive Law
No
Updated
2026-03-24
Chapter
Bureau of Ocean Energy Management, Department of the Interior
Authority
Section 104, Public Law 97-451, 96 Stat. 2451 (30 U.S.C. 1714), Public Law 109-432, Div C, Title I, 120 Stat. 3000; 30 U.S.C. 1751; 31 U.S.C. 9701; 43 U.S.C. 1334; 33 U.S.C. 2704, 2716; E.O. 12777, as... Section 104, Public Law 97-451, 96 Stat. 2451 (30 U.S.C. 1714), Public Law 109-432, Div C, Title I, 120 Stat. 3000; 30 U.S.C. 1751; 31 U.S.C. 9701; 43 U.S.C. 1334; 33 U.S.C. 2704, 2716; E.O. 12777, as amended; 43 U.S.C. 1331 43 U.S.C. 1337.
# 581.29 Royalty valuation.Unless stated otherwise in the leasing notice and subsequently issued lease, product valuation will be in accordance with the regulations in part 1206 of chapter XII. The value used in the computation of royalty shall be determined by the Director of the Office of Natural Resources Revenue.