Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
Comprehensive Overview of the BLM’s New Oil and Gas Leasing Regulations
This course offers an in-depth look at the Bureau of Land Management’s final rule updating oil and gas leasing regulations. Effective June 22, 2024, these changes incorporate provisions of the Inflation Reduction Act, impacting royalty rates, rentals, bonding, and operations. Participants will gain insights into compliance, actionable steps, and understanding the implications of these updates on public land stewardship.
In this course you will learn the following:
* Understand the background and purpose of the BLM’s revised oil and gas leasing regulations.
* Identify key changes mandated by the IRA and other updates.
* Recognize specific compliance requirements for lessees, operators, and other stakeholders.
* Implement necessary steps to meet new requirements and deadlines.
* Understand the consequences of non-compliance with the final rule.
* Access and utilize resources provided by the BLM for compliance.
Additional information
| Federal Register Title | Fluid Mineral Leases and Leasing Process. Document Number: 2024-08138 |
|---|---|
| Course SKU | FR-24-805-1 |
| Why This Course Is Important | Potential learners risk non-compliance with the latest leasing regulations, leading to fines, legal issues, or operational setbacks. |