Oil Pipeline Reporting Forms Up for Renewal
Published Date: 3/26/2025
Notice
Summary
FERC is asking oil pipeline companies to keep sending their annual and quarterly reports for three more years, with no changes to the forms. This helps the government keep track of pipeline info without adding extra work or costs. If you’re involved with oil pipelines, make sure to send your comments by May 27, 2025!
Analyzed Economic Effects
4 provisions identified: 0 benefits, 4 costs, 0 mixed.
Three-year extension — continue filing
If you operate an oil pipeline, FERC is extending the existing information collections (FERC Form No. 6 and 6-Q) for three years with no changes to the forms. That means you must keep filing the annual Form 6 and quarterly Form 6-Q reports as before.
Who must file and which pages
FERC requires Form 6 from any oil pipeline whose annual jurisdictional operating revenues were $500,000 or more for each of the three previous calendar years. Pipelines with revenues more than $350,000 but less than $500,000 for each of the three previous calendar years must file page 301 and page 700 plus page 1; pipelines with revenues $350,000 or less for each of the three previous calendar years must file page 700 plus page 1.
Estimated hours and compliance costs
FERC estimates that for FERC Form 6 there are 269 respondents with an average of 161 hours per annual filing, totaling 43,309 burden hours and a total cost of $4,504,136 (cost per respondent $16,744). For FERC Form 6-Q there are 247 respondents filing 3 times per year (741 total responses), with an average of 150 hours per response, totaling 111,150 burden hours and a total cost of $11,559,600 (cost per respondent $46,800).
Page 301 data used to set annual charges
FERC uses the information reported on page 301 of Form 6 to compute annual charges that are assessed against oil pipeline companies to recover the Commission's costs, as mandated by Order No. 472 and Section 3401 of the Omnibus Budget Reconciliation Act of 1986. If you submit page 301, that data can be used to determine amounts you will be charged to cover FERC's annual costs.
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Key Dates
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