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This version of the form is not currently in use and is provided for reference only. Download this version of
Form BOEM-0151
for the current year.
Form BOEM-0151 Assignment of Operating Rights Interest in Federal Ocs Oil and Gas Lease
What Is Form BOEM-0151?
This is a legal form that was released by the U.S. Department of the Interior - Bureau of Ocean Energy Management on May 1, 2017 and used country-wide. Check the official instructions before completing and submitting the form.
FAQ
Q: What is BOEM-0151?
A: BOEM-0151 is a form used for the assignment of operating rights interest in a Federal OCS oil and gas lease.
Q: What is an operating rights interest?
A: An operating rights interest is the right to explore, drill, produce, and manage operations on a specific oil and gas lease.
Q: What is Federal OCS?
A: Federal OCS stands for Federal Outer Continental Shelf, which refers to the submerged lands and seabed off the coasts of the United States that are under federal jurisdiction.
Q: What is the purpose of this form?
A: The purpose of this form is to transfer or assign the operating rights interest in a Federal OCS oil and gas lease from one party to another.
Q: Who may use this form?
A: This form may be used by individuals or entities who want to assign their operating rights interest in a Federal OCS oil and gas lease.
Q: Are there any fees associated with filing this form?
A: Yes, there may be fees associated with filing this form. The exact fees depend on the specific circumstances and should be checked with the BOEM.
Q: What information is required on this form?
A: The form requires information about the assignor and assignee, the lease number, the effective date of the assignment, and a description of the assigned rights.
Q: Are there any specific requirements for the assignee?
A: The assignee must meet certain qualification requirements set by the BOEM to hold an operating rights interest in a Federal OCS oil and gas lease.
Q: Is this form required for all assignments of operating rights interest?
A: Yes, this form is generally required for all assignments of operating rights interest in a Federal OCS oil and gas lease.
Form Details:
- Released on May 1, 2017;
- The latest available edition released by the U.S. Department of the Interior - Bureau of Ocean Energy Management;
- Easy to use and ready to print;
- Yours to fill out and keep for your records;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form BOEM-0151 by clicking the link below or browse more documents and templates provided by the U.S. Department of the Interior - Bureau of Ocean Energy Management.
Download Form BOEM-0151 Assignment of Operating Rights Interest in Federal Ocs Oil and Gas Lease
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