30 CFR § 1207.5 - Contract and sales agreement retention.
---
identifier: "/us/cfr/t30/s1207.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "30 CFR § 1207.5 - Contract and sales agreement retention."
title_number: 30
title_name: "Mineral Resources"
section_number: "1207.5"
section_name: "Contract and sales agreement retention."
chapter_name: "OFFICE OF NATURAL RESOURCES REVENUE, DEPARTMENT OF THE INTERIOR"
subchapter_number: "A"
subchapter_name: "NATURAL RESOURCES REVENUE"
part_number: "1207"
part_name: "SALES AGREEMENTS OR CONTRACTS GOVERNING THE DISPOSAL OF LEASE PRODUCTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301 ; 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. 3716 31 U.S.C. 9701; 43 U.S.C. 1301 43 U.S.C. 1331 and 43 U.S.C. 1801"
regulatory_source: "53 FR 1225, Jan. 15, 1988, unless otherwise noted. Redesignated at 75 FR 61080, Oct. 4, 2010."
cfr_part: "1207"
---
# 1207.5 Contract and sales agreement retention.
Copies of all sales contracts, posted price bulletins, etc., and copies of all agreements, other contracts, or other documents which are relevant to the valuation of production are to be maintained by the lessee and made available upon request during normal working hours to authorized Office of Natural Resources Revenue (ONRR), State or Indian representatives, BOEM, Bureau of Safety and Environmental Enforcement (BSEE) or BLM officials, auditors of the General Accounting Office, or other persons authorized to receive such documents, or shall be submitted to ONRR within a reasonable period of time, as determined by ONRR. Any oral sales arrangement negotiated by the lessee must be placed in written form and retained by the lessee. Records shall be retained in accordance with 30 CFR part 1212.
[53 FR 1225, Jan. 15, 1988, as amended at 78 FR 30204, May 22, 2013]