Form ONRR-4425 Designation Form for Royalty Payment Responsibility

What Is Form ONRR-4425?

This is a legal form that was released by the U.S. Department of the Interior - Office of Natural Resources Revenue on April 1, 2018 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is ONRR-4425 Form?A: ONRR-4425 Form is the Designation Form for Royalty Payment Responsibility.

Q: What is the purpose of ONRR-4425 Form?A: The purpose of ONRR-4425 Form is to designate the responsible party for royalty payment.

Q: Who should use ONRR-4425 Form?A: Any party with an interest in a Federal oil and gas lease should use ONRR-4425 Form.

Q: Is ONRR-4425 Form mandatory?A: Yes, it is mandatory to submit ONRR-4425 Form if you have an interest in a Federal oil and gas lease.

Q: What information is required on ONRR-4425 Form?A: ONRR-4425 Form requires information about the responsible party's contact details, lease identification, and certification of accuracy.

Q: Are there any deadlines for submitting ONRR-4425 Form?A: The deadlines for submitting ONRR-4425 Form depend on the specific requirements of the lease agreement.

Q: What happens if ONRR-4425 Form is not submitted?A: Failure to submit ONRR-4425 Form may result in non-compliance and potential penalties or enforcement action.

Q: Can ONRR-4425 Form be amended or updated?A: Yes, ONRR-4425 Form can be amended or updated if there are changes in the responsible party for royalty payment.