Economics: Price Thresholds and Annual Market Prices for MMS Deepwater and Deep Depth Oil and Gas Royalty Relief Programs
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 Content:
   Marshall Rose

 Pagemasters:
   OMM Web Team
Photo of wind turbines in deep waterPhoto of a fishPhoto of a wetlandPhoto of a platform with three boatsPhoto of a killer whalePhoto of a welder working on an offshore platformPhoto of a platform in water and behind a snowy mountainPhoto of three oil refinery faucetsPhoto of a wind energy farm
   Economics
 
Price Thresholds and Annual Market Prices for MMS Deepwater and Deep Depth Oil and Gas Royalty Relief Programs

The Federal Register Notice of the Annual Price Threshold Determination provides the official MMS documentation of which Gulf of Mexico price thresholds have been exceeded by annual market prices for oil or gas, by lease vintage, for calendar year 2007. This notice also explains in detail how MMS calculates the annual oil and gas prices and applicable price thresholds used to determine whether royalty relief applies in calendar year 2007 for our various deepwater and deep depth royalty relief programs. Resolution of the Kerr-McGee suit may significantly reduce the application of price thresholds in deepwater.
 
bullet Technical Documentation
bullet Price Thresholds
bullet NYMEX Price History

 

Kerr-McGee Decision
 

bullet Kerr-McGee v. Allred Fifth Circuit Court Decision (1/12/09)

Last Updated: 03/23/2009, 09:30 AM Central Time