ONRR Overview and Updates Presented by: Jim Steward, Deputy Director

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Presentation transcript:

ONRR Overview and Updates Presented by: Jim Steward, Deputy Director Petroleum Accountants Society of Oklahoma February 2017

Disclaimer The statements or opinions expressed in all ONRR presentations and panel discussions at the 2017 PASO-Tulsa Federal/Indian Royalty Compliance Workshop do not necessarily represent the views of ONRR or the Department of the Interior.

Learning Objective The attendee will learn about the organizational structure of ONRR, as well as its accomplishments during the last fiscal year and its priorities for the current fiscal year.

The Department of the Interior The Department of the Interior (DOI) has administered the mineral leasing program for Federal and American Indian lands for over a century. Responsibilities are divided among: Bureau of Indian Affairs (BIA) Bureau of Land Management (BLM) Bureau of Ocean Energy Management (BOEM) Bureau of Safety and Environmental Enforcement (BSEE) Office of Natural Resources Revenue (ONRR) Office of the Special Trustee for American Indians (OST)

Office of Natural Resources Revenue Our Mission: For the benefit of all Americans, ONRR collects, accounts for, and verifies natural resource and energy revenues due to States, American Indians, and the U.S. Treasury. Our Vision: Excellence in natural resources revenue management. Houston, TX Oklahoma City, OK Tulsa, OK Washington, DC Dallas, TX Denver, CO Farmington, NM

Jim

The ONRR Organization

FY 2016 Accomplishments Published the comprehensive Federal Oil & Gas and Federal & Indian Coal Valuation Regulations. Achieved a clean CFO Audit of ONRR’s custodial accounts. Timely disbursed $6.23 Billion, one of the Federal government’s largest sources of non-tax revenue. In conjunction with our State and Tribal partners, completed 645 compliance reviews and 128 audits. Data Mining efforts collected $60 million in additional revenues. Completed 153 outreach sessions and answered 14,625 inquiries from individual Indian mineral owners. Closed 100% of the OIG and GAO audit recommendations targeted for closure. Published the 1st and 2nd Annual USEITI Reports (December 2015 and November 2016). Disclosed an unprecedented level of data on the DOI Data Portal (useiti.doi.gov) including the publication of Federal production data.

FY 2017 Priorities Administration Transition Mission Priorities Greg Mission Priorities Administration Transition Support a smooth transition Ensure continuity of service to our stakeholders Ensure a Clean Audit Opinion: CFO Audit & Audit Peer Review Adhere to OMB Circular A-123 Requirements for All High-Risk ONRR Processes Support a Workplace Culture of Diversity & Inclusion Publish Priority Regulations Lead the U.S. Extractive Industries Transparency Initiative (USEITI) Support the Osage Trust Accounting Transition Support the Indian Energy Service Center Timely disburse 98% of Federal and Indian revenues Close 85% of OIG and GAO recommendations targeted for FY17 implementation Achieve our DOI Strategic Plan Goals MRMSS System, Functionality & Hardware Updates Valuation Regulations ONRR Strategic Plan Annual Training & Leadership Development Programs Facility Renovations Other Priority Initiatives

Indian Energy Service Center DOI Bureaus and Offices co-located in Denver, Colorado in order to: Coordinate, collaborate, and share resources Resolve issues that impede oil and gas development, operations, and close-out on trust/restricted land Cooperate and share information with Tribes and Indian mineral interest owners The Indian Energy Service Center: Supports energy development Provides cost effective staffing options Promotes standardized and streamlined processes

Upcoming ONRR Presentations Indian Oil and Gas Royalty Reporting Issues Financial Management Update Final Federal Oil and Gas Valuation Rule Data Mining Update Enforcement and Civil Penalties Common Federal/Indian Audit Issues Panel Discussion Marketable Condition Rule – Update and Application Unbundling Update Production Reporting and Verification Update Reporting Royalties on Flared or Vented Volumes

For additional information: www. onrr For additional information: www.onrr.gov Presenter: ONRR Deputy Director Jim Steward jim.steward@onrr.gov