MMS looks to expand RIK program in selected markets

The US Department of the Interior's Minerals Management Service July 12 released a 5 year royalty management plan that expands federal royalty-in-kind (RIK) programs but does not replace traditional cash royalty collection.Industry officials endorsed the proposal. An American Petroleum Institute spokesperson called the MMS policy document "a conservative business plan" that expands RIK only when it makes economic sense.API said MMS's policy would mean that the government gets its money faster while industry spends less time and effort on litigation and administrative costs. API also stressed it fully expects MMS to continue to audit royalty accounts but if the lease in question is...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected