NPSL means a net profit share lease, which is an OCS lease that provides for payment to the United States of a percentage share of the net profits for production of oil and gas from the tract. This percentage share may be fixed in the notice of OCS lease sale or be the bid variable, depending on the bidding system used, as established by 1260.110 of this title.


30 CFR § 1220.002

Scoping language

For purposes of this part 220:

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