30 CFR 1220.001 - Purpose and scope.
(a) This part 1220 establishes accounting procedures for determining the net profit share base and calculating net profit share payments due the United States for the production of oil and gas from OCS leases.
(b) The procedures established by this part 1220 apply to any OCS lease issued by the Department of the Interior under any bidding system established by § 1260.110(a) of this title which has a net profit share component.
Title 30 published on 2015-10-21.
No entries appear in the Federal Register after this date, for 30 CFR Part 1220.