ONRRFinal Rule
Civil Monetary Penalty Inflation Adjustment
EnergyFinance & Banking
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Summary
This regulation adjusts the financial penalties that the federal government can impose for violations related to oil and gas royalties on federal lands and waters. The adjustment accounts for inflation, ensuring that penalties keep pace with rising costs and remain an effective deterrent against rule-breaking.
Key Points
- 1The Office of Natural Resources Revenue (ONRR) updated the dollar amounts of fines for companies that violate oil and gas royalty rules
- 2These penalty increases are based on inflation rates, so the fines maintain their real impact over time rather than becoming worth less due to rising prices
- 3Companies operating on federal lands and waters that fail to pay proper royalties or violate reporting requirements will face higher financial consequences
- 4The regulation went into effect in January 2025 and applies to ongoing and future violations
- 5This is a routine annual adjustment required by federal law to keep penalties meaningful and fair
Key Dates
Published
January 10, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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