ONRR Keeps Collecting Offshore Energy Profit Data
Published Date: 4/9/2026
Notice
Summary
The Office of Natural Resources Revenue wants to keep collecting info from companies that share profits from oil and gas leases on the Outer Continental Shelf. This helps make sure the U.S. gets the right payments. If you have thoughts, you’ve got until June 8, 2026, to speak up—no money changes now, just a paperwork renewal!
Analyzed Economic Effects
5 provisions identified: 0 benefits, 5 costs, 0 mixed.
Mandatory reporting for OCS profit-share leases
Businesses that hold Outer Continental Shelf Net Profit Share Leases must continue to provide mandatory information to the Office of Natural Resources Revenue under OMB Control Number 1012-0009 to determine net profit share payments to the United States.
Required capital account and sales reports
NPSL lessees must establish and maintain a capital account and file annual reports until production is credited, then file monthly reports showing production volumes and disposition, production revenue, costs and credits to the capital account, account balance, net profit share base, payment due the United States, and the lessee's monthly profit share.
Inventory checks every three years
Lessees must take inventories of NPSL equipment, apparatus, and supplies at reasonable intervals not to exceed three years, notify BOEM before inventory so BOEM may be represented, reconcile physical inventory with the capital account, and file an inventory report and lists of overages and shortages for audit.
ONRR audits and inspection authority
ONRR is authorized to inspect NPSL records during normal business hours and to audit lessee or contractor accounts related to NPSL operations; nonoperators must notify ONRR of an audit call so ONRR can elect to participate.
Estimated paperwork burden is minimal
ONRR estimates 3 annual respondents, 3 annual responses, a total of 9 annual burden hours (3 hours per response), and no identified non-hour cost burden for this information collection (OMB Control Number 1012-0009). Between January 2022 and January 2026 ONRR received three adjustment royalty reports.
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