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Price Thresholds and Annual
Market Prices for the Bureau Deepwater and Deep Depth Oil
and Gas Royalty Relief Programs
The
2010 Price Threshold Determination link provides
the official Bureau 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 2010.
Technical Documentation links to a
detailed explanation of how the Bureau calculates the annual oil and gas
prices and applicable price thresholds used to determine whether royalty
relief applies in calendar year 2010 for our various deepwater and deep
depth royalty relief programs.
Beginning in the second quarter of each year, the Bureau
estimates the average New York Mercantile Exchange (NYMEX) market price
at which oil or gas would have to sell during the remainder of the
calendar year for the estimated price threshold to be exceeded for that
year.
Price Thresholds
links to this estimate as well as a record of past year price thresholds
since 1994, and the
NYMEX Price History links to a spreadsheet of
monthly oil and gas prices used in the Price Thresholds determination.
The
final bullet links to guidance provided by the Bureau’s Minerals Revenue
Management (MRM) program for recouping royalties paid on Deepwater
Royalty Relief Act (DWRRA) leases.
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