Oil and Gas Royalty Management Law and Legal Definition
Oil and gas royalty management is governed by the federal Oil and Gas Royalty Management Act, 1982 (Act). The Act defines the responsibilities and obligations of lessees, operators, and other persons involved in the transportation or sale of oil and gas from federal and Indian lands and the outer continental shelf.
The Act requires the development of enforcement practices that ensure prompt and proper collection of oil and gas revenues owed to U.S. and Indian lessors. The Act also facilitates in fulfilling the trust placed on the U.S. as an administrator of Indian oil and gas resources.
The Act codified under 30 USCS § 1722 prescribes that the attorney general of the U.S. or his/her designee can bring a civil action in a district court of the U.S., that will have jurisdiction over such actions in order to:
1. restrain any violation of the Act; or
2. compel the taking of any action required by or under the Act or any mineral leasing law of the U.S.
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