30 CFR 550, Subpart A, General, and Subpart K, Oil and Gas Production Requirements (Risk Management, Financial Assurance and Loss Prevention Notice of Proposed Rulemaking)

Forms and Documents

Document Name	Status
Form BOEM-1123 550.143-145 - Designation of Operator - Form BOEM-1123 Form	Unchanged
Form BOEM-1832 550.101; 135; 136 - Form BOEM-1832 Form and Instruction	Unchanged
NTL-No-2015-N04.pdf Supplementary Document	2020-08-24
OMB Supporting Statement 1010-AE00 Risk_0114 revision_v7.docx Supporting Statement A	2020-08-24
BOEM-NTL-No-2013-P01_3.pdf Supplementary Document	2020-08-24
NTL 2015-N01_Info Requirements for EPs, DPPs, DOCDs.pdf Supplementary Document	2016-10-28
BOEM-NTL-No-2014-G02_0.pdf Supplementary Document	2020-08-24
BOEM-NTL-No-2013-G01_0.pdf Supplementary Document	2020-08-24
30 CFR 550, Subpart A & K Reg Text Oct 19 2016.docx Supplementary Document	2016-10-21

IC Document Collections

IC ID	Document Title	Status
38184	550.115-116; 119 - Performance Standards	Unchanged
199682	Subpart K 550.1153-1167 - Well Surveys and Reservoirs Instruction	Unchanged
179170	550.135; 136 - Recordkeeping	Unchanged
179167	550.135; 136; 186-191; 193-197; 101-199 Information and Reporting Requirements	Unchanged
179166	550.181-185; 194 - Primary Lease Requirements, Lease Term Extensions, and Lease Cancellations	Unchanged
179157	550.160; 165-166; 123 - Right-of-use and Easement (State Leases)	Unchanged
179156	550.123; 160-161; 166 - Right-of-use and Easement	Unchanged
179154	550.143-145 - Designation of Operator - Form BOEM-1123 Form	Unchanged
179153	550.101-199; 125; 140-142 - Special Types of Approval	Unchanged
179151	550.135-136 - Compliance	Unchanged
179150	550.101; 135; 136 - Form BOEM-1832 Form and Instruction	Unchanged

ICR Details

OMB Control No: 1010-0114	ICR Reference No: 202008-1010-003
Status: Historical Inactive	Previous ICR Reference No: 201910-1010-002
Agency/Subagency: DOI/BOEM	Agency Tracking No: 1082-AA02/Financial Assurance
Title: 30 CFR 550, Subpart A, General, and Subpart K, Oil and Gas Production Requirements (Risk Management, Financial Assurance and Loss Prevention Notice of Proposed Rulemaking)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 01/04/2021
	Date Received in OIRA: 10/16/2020
Terms of Clearance: In accordance with 5 CFR 1320, OMB is filing comment and withholding approval at this time. The agency shall examine public comment in response to the proposed rulemaking and will include in the supporting statement of the next ICR—which is to be submitted to OMB at the final rule stage—a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2023	36 Months From Approved	02/28/2023
Responses	5,302	0	5,302
Time Burden (Hours)	18,323	0	18,323
Cost Burden (Dollars)	165,492	0	165,492

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Abstract: BOEM has recognized the need to develop a comprehensive program to help in identifying, prioritizing, and managing the financial risks associated with oil and gas activities on the OCS. BOEM’s goal for this program is to protect American taxpayers from exposure to financial or environmental risks from nonperformance of obligations associated with OCS leases and grants while also assuring that its financial assurance program does not negatively impact offshore investment or operations. The Department of the Interior (the Department), acting through BOEM and BSEE, proposes to streamline its evaluation criteria for determining whether oil, gas and sulfur lessees, right-of-use and easement (RUE) grant holders, and pipeline right-of-way grant holders may be required to provide bonds or other security above the prescribed amounts for base bonds to ensure compliance with their Outer Continental Shelf (OCS) obligations. BOEM’s portion of the proposed rule would also remove restrictive provisions for third-party guarantees and decommissioning accounts, and would add new criteria under which additional bonds and third-party guarantees may be cancelled.

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Authorizing Statute(s): US Code: 43 USC 1331 et seq. + 1801 et seq. Name of Law: Outer Continental Shelf Lands Act
   US Code: 31 USC 9701 Name of Law: Independent Offices Appropriations Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1082-AA02	Proposed rulemaking	85 FR 65904	10/16/2020

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 11

IC Title	Form No.	Form Name
550.101; 135; 136 - Form BOEM-1832	BOEM-1832	Notification of Incidents of Noncompliance
550.115-116; 119 - Performance Standards
Subpart K 550.1153-1167 - Well Surveys and Reservoirs	BOEM-0127, BOEM-0140	Sensitive Reservoir Information (SRI) Report ,   Bottomhole Pressure Survey Report
550.160; 165-166; 123 - Right-of-use and Easement (State Leases)
550.135-136 - Compliance
550.135; 136; 186-191; 193-197; 101-199 Information and Reporting Requirements
550.123; 160-161; 166 - Right-of-use and Easement
550.101-199; 125; 140-142 - Special Types of Approval
550.181-185; 194 - Primary Lease Requirements, Lease Term Extensions, and Lease Cancellations
550.143-145 - Designation of Operator - Form BOEM-1123	BOEM-1123	Designation of Operator
550.135; 136 - Recordkeeping

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Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $1,003,166

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 10/16/2020

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