§ 1206.355How do I calculate royalty due on geothermal resources I sell at arm's length to a purchaser for direct use?
If you sell geothermal resources produced from Class I, II, or III leases at arm's length to a purchaser for direct use, then the royalty on the geothermal resource is the gross proceeds accruing to you from the sale of the geothermal resource to the arm's-length purchaser multiplied by the royalty rate in your lease or that BLM prescribes under 43 CFR 3211.18. See § 1206.361 for additional provisions applicable to determining gross proceeds under arm's-length sales.
Title 30 published on 2013-07-01
no entries appear in the Federal Register after this date.
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