NTL 2004-G15 - Application of the Deep Gas Royalty Relief Rule to Leases Issued from 2001 through 2003 - August 10, 2004

Authority – This Notice to Lessees and Operators (NTL) is issued pursuant to regulations at 30 CFR 203.0 and §§ 203.40 through 203.48, which govern deep-gas royalty relief for Gulf of Mexico shallow-water leases. Purpose and Need for NTL – This NTL provides guidance and clarification to operators electing to exercise the option to replace the deep-gas provisions in the lease instrument (leases that were issued from 2001 through 2003) with the deep-gas royalty relief terms and conditions provided in the regulations mentioned above and effective May 3, 2004. Pursuant to 30 CFR 203.48 and NTL No. 2004-G13, you may exercise this option by providing a written notification of your decision to the Regional Supervisor for Production and Development before September 1, 2004.