As an Indian mineral owner, I need to understand how Indian Oil Major Portion prices are determined and if the Royalty Resiliency Act affects my leases. I also need to find where to get assistance and information on Tribal Lockbox Payments. Please provide these details from the ONRR website.
Navigate to the ONRR homepage (onrr.gov). Locate the 'Pricing' section and click on 'Indian Oil Major Portion'. Identify the purpose and unit of 'Indian Oil Major Portion' pricing. Return to the ONRR homepage. Locate the 'Announcements' section and determine if the 'Royalty Resiliency Act' applies to Indian leases. Click on the 'Indian Resources' button in the main navigation. Identify the direct links for 'Assistance' and 'Tribal Lockbox Payments' within the 'Indian Resources' section.
State that Indian Oil Major Portion pricing is calculated and published monthly by ONRR for Designated Areas, with prices in $/bbl. Confirm that the 'Royalty Resiliency Act' does NOT apply to any agreements that include Indian leases. Confirm that 'Assistance' information is available as a direct link under the 'Indian Resources' section. Confirm that 'Tribal Lockbox Payments' information is available as a direct link under the 'Indian Resources' section.