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General Interest - Quick TakesMMS issues production, royalty reporting rulesThe US Minerals Management Service published on Mar. 26 amended final regulations for reporting production and royalties of oil, gas, coal, and geothermal resources from federal and Native American lands.The new rules are designed to align the reports with current MMS business practice, MMS said. They reflect changes implemented after the agency’s financial systems were largely reengineered in 2001, as well as other changes required by law, it said.Among other changes, the new rules align regulations with updated reporting forms, eliminate references to forms and codes that no longer apply, update other refe...

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