Back again with a quick update for those of you with OCS interests.  The Bureau of Ocean Energy Management (BOEM) has released updated forms for (1) transferring record title interest; (2) transferring operating rights interest; and (3) relinquishment of an OCS lease.  See 30 C.F.R. §§ 556.62 and 550.64; 30 C.F.R. § 556.76.  The changes appear to be largely technical and intended for internal BOEM use.  Please beware that the BOEM will disapprove submissions of prior forms on or after May 1, 2014 and will not refund any related service/filing fees. 

Assignment of Record Title:  An updated Record Title form, Form BOEM-0150 (March 2014), is now available.  This form is located at:  http://www.boem.gov/About-BOEM/Procurement-Business-Opportunities/BOEM-OCS-Operation-Forms/BOEM-OCS-Operation-Forms.aspx  BOEM will continue to accept the previous version of Form BOEM-0150 until April 30, 2014.  Any Record Titles that are not on the new form(s), received after this date, will be returned unapproved and will result in the loss of service fee(s).   

Assignment of Operating Rights: An updated Assignment of Operating Rights form, Form BOEM- 0151 (March 2014), is now available.  This form is located at:  http://www.boem.gov/About-BOEM/Procurement-Business-Opportunities/BOEM-OCS-Operation-Forms/BOEM-OCS-Operation-Forms.aspx  BOEM will continue to accept the previous version of Form BOEM-0151 until April 30, 2014.  Any designations of operator that are not on the new form(s), received after this date, will be returned unapproved and will result in the loss of service fee(s). 

Relinquishment:  An updated Relinquishment form, Form BOEM-0152 (March 2014), is now available.  This form is located at:  http://www.boem.gov/About-BOEM/Procurement-Business-Opportunities/BOEM-OCS-Operation-Forms/BOEM-OCS-Operation-Forms.aspx  BOEM will continue to accept the previous version of Form BOEM-0152 until April 30, 2014.  Any designations of operator that are not on the new form(s), received after this date, will be returned unapproved and will result in the loss of service fee(s).  

Designation of Operator:  And remember that an updated Designation of Operator form, Form BOEM-1123 (December 2013), is now in use.  This form is located at:  http://www.boem.gov/About-BOEM/Procurement-Business-Opportunities/BOEM-OCS-Operation-Forms/BOEM-OCS-Operation-Forms.aspx  The deadline for using the previous version of Form BOEM-1123 has passed (on February 28, 2014).  Any designations of operator that are not on the new form(s), will now be returned unapproved and will result in the loss of service fee(s). 

Feel free to contact me or the firm with any questions regarding use of the new forms.