[Federal Register Volume 63, Number 250 (Wednesday, December 30, 1998)] [Notices] [Pages 71947-71948] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-34479] ----------------------------------------------------------------------- DEPARTMENT OF THE INTERIOR Minerals Management Service Announcement of Posting of Invitation for Bids on Crude Oil From Federal Leases and State of Wyoming Properties in Wyoming AGENCY: Minerals Management Service, Interior. ACTION: Notice of Invitation for Bids on Federal and State of Wyoming crude oil in the State of Wyoming. ----------------------------------------------------------------------- SUMMARY: The Minerals Management Service (MMS) will post on MMS's Internet Home Page, and make available in hard copy, a public competitive offering of approximately 3,810 barrels per day (bpd) of crude oil, to be taken as royalty-in-kind (RIK) from a combination of Federal properties and State of Wyoming (State) properties in Wyoming's Bighorn and Powder River Basins through an Invitation For Bids (IFB), Number 3984. DATES: The IFB will be posted on MMS's Internet Home Page on or about January 4, 1999. Bids will be due to MMS and State of Wyoming, at the posted receipt location for both, on or about February 4, 1999. MMS and the State of Wyoming will notify successful bidders on or about February 12, 1999. The Federal Government and the State will begin actual taking of awarded royalty oil volumes for delivery to [[Page 71948]] successful bidders for a 6-month period beginning on or about April 1, 1999. ADDRESSES: The IFB will be posted on MMS's Home page at http:// www.mms.gov under the icon ``What's New.'' The IFB may also be obtained by contacting Ms. Betty Estey at the address in the FURTHER INFORMATION section. Bids should be submitted to the address provided in the IFB. FOR FURTHER INFORMATION CONTACT: For additional information on MMS's RIK pilots, contact Mr. Bonn J. Macy, Minerals Management Service, 1849 C Street, N.W., MS 4230, Washington D.C. 20240; telephone number (202) 208-3827; fax (202) 208-3918; e-mail Bonn.M[email protected]. For additional information concerning the IFB document, terms, and process for Federal leases, contact Ms. Betty Estey, Minerals Management Service, MS 2510, 381 Elden Street, Herndon, VA 20170-4817; telephone number (703) 787- 1352; fax (703) 787-1009; e-mail Betty.E[email protected]. For additional information concerning the IFB document, terms, and process for State of Wyoming properties, contact Mr. Harold Kemp, Office of State Lands and Investments, Herschler Building, 3rd Floor West, 122 West 25th Street, Cheyenne, WY 82002-0600; telephone number (307) 777-6643; Fax: (307) 777-5400; Email: [email protected]. SUPPLEMENTARY INFORMATION: The offering of crude oil in the IFB is a continuation of Phase I of the first of MMS's three planned RIK pilots. The other two RIK pilots will be in the Gulf of Mexico. The State's objective in this pilot and MMS's objective in all its pilots is to identify the circumstances in which taking oil and gas royalties as a share of production (RIK) is a viable alternative to the agencies' usual practice of collecting oil and gas royalties as a share of the value received by the lessee for sale of the production. The Wyoming pilot is a joint project with the State of Wyoming expected to last 2 to 3 years. The sale will involve approximately 3,810 bpd of crude oil from 183 Federal and State properties located in Wyoming's Bighorn and Powder River Basins. RIK oil from these Federal properties was previously offered under IFB No. 3947 for delivery to purchasers for production months October 1998 through March 1999. The State properties are being added to this IFB. Purchasers may bid on individual properties and/or on the entire packages of Wyoming sweet crude oil (1,135 bpd), Wyoming general sour crude oil (820 bpd), or Wyoming asphaltic sour crude oil (1,855 bpd). Bids will be due as specified in the IFB on or about February 04, 1999; successful bidders will be notified on or about February 12, 1999. The following are some of the additional details regarding the offerings that will be posted in the IFB on or about January 4, 1999.List of specific properties; For each property, royalty rate(s), average daily royalty volume, quality, transportation method (truck/pipe), and current transporter and operator; Bid basis; Reporting requirements; Terms and conditions; and Contract format. The internet posting and availability of the IFB in hard copy are being announced in oil and gas trade journals as well as in this Federal Register notice. Dated: December 23, 1998. Anthony Gallagher, Acting Associate Director for Policy and Management Improvement. [FR Doc. 98-34479 Filed 12-29-98; 8:45 am] BILLING CODE 4310-MR-U