Federal Oil and Gas Royalty Management Act of 1982

E34579

The Federal Oil and Gas Royalty Management Act of 1982 is a U.S. law that governs the collection, accounting, and auditing of royalties from oil and gas production on federal and Indian lands to ensure proper return to the public.

AI illustration

How this image was made

AI-generated illustration of Federal Oil and Gas Royalty Management Act of 1982

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Federal Oil and Gas Royalty Management Act of 1982 (The Federal Oil and Gas Royalty Management Act of 1982 is a U.S. law that governs the collection, accounting, and auditing of royalties from oil and gas production on federal and Indian lands to ensure proper return to the public.)

All labels observed (2)

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf United States federal law ⓘ
energy law ⓘ
natural resources law ⓘ
administeredBy Office of Natural Resources Revenue ⓘ
United States Department of the Interior ⓘ
aimsTo increase federal and Indian revenue from mineral development ⓘ
reduce underpayment of royalties ⓘ
appliesTo Indian lands ⓘ
Indian oil and gas leases ⓘ
federal lands ⓘ
federal oil and gas leases ⓘ
country United States ⓘ
enactedBy United States Congress ⓘ
ensures that royalties are properly reported and paid ⓘ
that the public receives fair value for resources extracted from federal lands ⓘ
establishes systems for accounting of oil and gas royalties ⓘ
systems for auditing of oil and gas royalties ⓘ
systems for collection of oil and gas royalties ⓘ
focusesOn accurate valuation of produced oil and gas ⓘ
compliance by lessees and operators ⓘ
legalArea Indian affairs ⓘ
public lands ⓘ
protects financial interests of Indian tribes and individual Indian mineral owners ⓘ
financial interests of the United States in mineral resources ⓘ
providesFor civil penalties for noncompliance ⓘ
criminal penalties for knowing and willful violations ⓘ
purpose to ensure proper return to the public from oil and gas production on federal and Indian lands ⓘ
to improve management of mineral revenues ⓘ
regulates gas royalties ⓘ
oil royalties ⓘ
royalty accounting ⓘ
royalty auditing ⓘ
royalty collection ⓘ
relatedTo Indian Mineral Leasing Act ⓘ
Mineral Leasing Act ⓘ
Outer Continental Shelf Lands Act ⓘ
requires accurate measurement of oil and gas production ⓘ
interest and penalties for late or underpaid royalties ⓘ
maintenance of records by lessees and operators ⓘ
periodic audits of royalty payments ⓘ
sector oil and gas ⓘ
shortName FOGRMA ⓘ
signedBy Ronald Reagan ⓘ
subjectMatter mineral revenue collection ⓘ
royalty management ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Office of Natural Resources Revenue → hasLegalAuthority → Federal Oil and Gas Royalty Management Act of 1982 ⓘ
FOGRMA → fullName → Federal Oil and Gas Royalty Management Act ⓘ
linked to: Federal Oil and Gas Royalty Management Act of 1982
FOGRMA → alsoKnownAs → Federal Oil and Gas Royalty Management Act of 1982 ⓘ