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Welcome, to the Home Page of the Royalty-In-Kind Program! |
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The Royalty in Kind (RIK)
Program is responsible for managing Minerals Revenue
Management’s (MRM) commercial oil and gas commodity sales
activity. Currently, the RIK Program is competitively selling
over 800,000 MMBtu of natural gas per day and over
150,000 barrels of crude oil per day. Revenues from sales and
other dispositions of RIK oil and gas in
FY 2007 were over
$4 billion. |
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 MMS
RIK Program
Federal Register Notice
-- Solicitation of
comments.
The MMS has
published in the Federal Register a solicitation for
comments from interested parties, particularly refiners who
qualify under the RIK eligible refiner program, regarding
their experiences in the crude oil marketplace.
Comments will assist the Secretary of the Interior in
deciding whether or not to continue with sales of Federal
Government royalty crude oil under the RIK eligible refiner
program. Any comments need to be submitted by March
3, 2008.
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MMS
RIK Program to
Help Fill Strategic Petroleum Reserve
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Minerals Royalty Management's Royalty In Kind Program Details: |
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The RIK Strategy
RIK is one of two
strategies used by MRM to manage the Nation’s substantial oil and gas
mineral royalty assets. Federal oil
and gas leasing laws and lease terms provide the Government with the option
of receiving production royalty payments either in value (RIV) or in kind.
In certain circumstances, it is to the advantage of the Government to
receive its royalty payments in kind; that is, in the form of oil or gas
production. MRM’s RIK Program
provides the capability both to identify opportunities for using the RIK
strategy and to manage the sale and disposition of oil and gas royalties
received in kind. Every aspect of
MRM’s RIK Program is governed by strong internal controls and a formal
risk management
policy modeled after commercial oil and
gas industry best practices. MRM’s
commodity sales activity uses commercially-based sales contracts, delivery
options, pricing methods, and sales terms to attract a diverse pool of
successful oil and gas purchasers.
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Mailing Address: |
Overnight Delivery: |
Minerals Management Service
Royalty In Kind
P.O. Box 25165, MS 330B2
Denver, CO 80225-0165
Fax Number: 303-231-3846 |
Minerals Management Service
Royalty In Kind
6th & Kipling
Denver Federal Center, Building 85
MS 330B2
Denver, CO 80225
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For questions: Contact
Pam Rieger,
303-231-3020 for pre-qualification or credit;
Robert Kronebusch,
303-231-3510 for RIK oil;
Pam Rieger,
303-231-3020 for RIK gas; or
Judi Clark at
303-231-3537 for nominations, invoices, and production
imbalances. |
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