[Federal Register: May 25, 2011 (Volume 76, Number 101)]
[Notices]
[Page 30415-30417]
[DOCID:fr25my11-137]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-64521; File No. SR-NYSEAmex-2011-34]

Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing of
Proposed Rule Change Amending NYSE Amex Equities Rule 70.40(3) To
Permit Member Organizations to Engage in Proprietary Trading From Their
Approved Booth Premises in Certain OTC Bulletin Board and OTC Markets
Securities

May 19, 2011.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on May 11, 2011, NYSE Amex LLC (the ``Exchange'' or ``NYSE
Amex'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I and II
below, which Items have been prepared by the self-regulatory
organization. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C.78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to amend NYSE Amex Equities Rule 70.40(3) to
permit member organizations to engage in proprietary trading from their
approved booth premises in certain OTC Bulletin Board (``OTCBB'') and
OTC Markets \4\ securities. The text of the proposed rule change is
available at the Exchange, at http://www.nyse.com, at the Commission's
Public Reference Room, and on the Commission's Web site at http://
www.sec.gov.
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    \4\ The OTCBB and OTC Markets Group Inc. each operate electronic
quotation systems for broker-dealers to trade unlisted securities.
The marketplaces operated by OTC Markets Group Inc. include OTCQX,
OTCQB and OTC Pink.
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II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to amend NYSE Amex Equities Rule 70.40(3) to
permit member organizations to engage in proprietary trading from their
approved booth premises in certain OTCBB and OTC Markets securities.\5\
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    \5\ The Exchange's affiliate, New York Stock Exchange LLC
(``NYSE''), has proposed to adopt the same rule. See SR-NYSE-2010-
22.
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    In June 2007, the New York Stock Exchange LLC (``NYSE'') adopted
NYSE Rule 70.40, which permits a member organization to operate its
booth premises on the NYSE Floor in a manner similar to its
``upstairs'' office, thereby allowing member organizations to access
other markets and trade a wider array of products from their booth
premises and thus operate more efficiently and competitively.\6\ At the
time that NYSE Rule 70.40 was adopted, it included certain conditions
and limitations on such trading, including that only trading on behalf
of customers would be permitted. In October 2008, the Exchange adopted
NYSE Amex Equities Rule 70.40, which is identical to NYSE Rule
70.40.\7\ As such, NYSE Rule Amex Equities 70.40(3) prohibits member
organizations approved to operate booth premises pursuant to such Rule
from effecting any transaction from their approved booth premises for
their own account, the account of an associated person, or an account
with respect to which they or an associated person thereof exercise
investment discretion on the Exchange.
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    \6\ See Securities Exchange Act Release 55908 (June 14, 2007),
72 FR 34056 (June 20, 2007) (SR-NYSE-2007-51) (notice of filing and
immediate effectiveness of proposed rule change permitting member
organizations to operate booth as upstairs office). Under NYSE Rule
70.40, only Floor brokers may conduct activity from booth premises.
    \7\ See Securities Exchange Act Release No. 58705 (October 1,
2008), 73 FR 58995 (October 8, 2008) (SR-Amex-2008-63) (Order
Granting Approval of Proposed Rule Change to Establish New
Membership, Member Firm Conduct, and Equity Trading Rules Following
the Exchange's Acquisition by NYSE Euronext). Under NYSE Amex
Equities Rule 70.40, only Floor brokers may conduct activity from
booth premises.
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    After more than two years of experience with NYSE Amex Equities
Rule 70.40, member organizations have requested that certain types of
proprietary trading be permitted under the Rule, and the Exchange has
determined that it is appropriate to do so. Therefore, the Exchange
proposes to revise NYSE Amex Equities Rule 70.40(3) to permit member
organizations to effect transactions in the common, preferred, and debt
securities of an operating company that is quoted on the OTC Bulletin
Board or OTC Markets (an ``OTC Security'') from their approved booth
premises for their own account, the account of an associated person, or
an account with respect to which they or an associated person thereof
exercise investment discretion, except that such member organizations
could not effect such transactions in an OTC Security that is related
to a security listed or traded on the Exchange or NYSE.\8\ Because
trading would be limited to the common, preferred, and debt securities
of an operating company, a member organization could not trade in an
index-based or derivative security (e.g.,

a right or warrant) that is quoted on the OTCBB or OTC Markets.
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    \8\ Since the merger of NYSE and NYSE Amex in 2008, the
exchanges have conducted equity trading from the same Trading Floor,
and NYSE Amex has conducted options trading in rooms adjacent the
Trading Floor. See Securities Exchange Act Release No. 58673
(September 29, 2008) (SR-Amex-2008-62 and SR-NYSE-2008-60), 73 FR
57707 (October 3, 2008), and NYSE Rule 6A.
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    Under the proposed rule change, an OTC Security would be considered
related to a security listed or traded on the Exchange or NYSE \9\ if:
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    \9\ Securities listed on The NASDAQ Stock Market are traded on
the Exchange pursuant to unlisted trading privileges and thus would
be considered a security traded on the Exchange under the proposed
rule change. See Rules 500--525--NYSE Amex Equities.(a) The OTC
Security is issued by an issuer of a security that is listed or
traded on the Exchange or NYSE or that underlies an NYSE Amex
option, or an affiliate of such issuer;
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    (b) The OTC Security is subject to a corporate action that
relates to the issuer of a security that is listed or traded on the
Exchange or NYSE or that underlies an NYSE Amex option, or an
affiliate of such issuer;
    (c) The OTC Security is issued by an issuer of a security that
is a component of a narrow-based security index \10\ that is linked
to a security that listed or traded on the Exchange or NYSE or that
underlies an Amex option; or
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    \10\ For purposes of the proposed rule, the definition of
narrow-based security index would be the same as the definition in
Section 3(a)(55) of the Securities Exchange Act of 1934 (the
``Act'').
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    (d) The OTC Security is issued by a foreign issuer or is a
depositary receipt (or the equivalent thereof) for such a security,
and a security issued by such foreign issuer or a depositary receipt
(or the equivalent thereof) for such a security is listed or traded
on the Exchange or NYSE or underlies an NYSE Amex option.

    Under the proposed rule, a corporate action would be any action by
an issuer of an OTC Security or a security listed or traded on the
Exchange or NYSE that causes a relationship between the price of the
OTC Security and the price of the security that is listed or traded on
the Exchange or NYSE or that underlies an NYSE Amex option, such as the
announcement of a merger, acquisition, joint venture, spinoff,
dissolution, bankruptcy filing or other similar type of event involving
the issuers.
    The Exchange believes that an NYSE Amex member organization would
not have any type of time, place, or information advantage with respect
to the proposed proprietary trading activity that could create a
potential issue or conflict with respect to the federal securities laws
or Exchange rules. A member organization's proprietary transactions in
OTC Securities would receive the same treatment as any other investor's
transactions in such securities. Consistent with the permitted customer
trading under current NYSE Amex Equities Rule 70.40, the Exchange would
deem the proposed proprietary transactions to be off-Floor or
``upstairs'' transactions for purposes of its Rules.\11\
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    \11\ Because the transactions would be (1) solely in securities
not listed or admitted to unlisted trading privileges on NYSE Amex
or NYSE, and (2) deemed initiated from off the Floor of NYSE Amex,
NYSE Amex does not believe that Section 11(a) of the Act or the
rules thereunder would be implicated by the proposed rule change.
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    The Exchange believes that member organizations face increased
competition as a result of changes in the structure of securities
markets and are continually searching for ways to operate more
efficiently.\12\ The proposed rule change would allow member
organizations to expand the types of activities that can be conducted
from booth premises and more efficiently use member organization staff.
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    \12\ See supra note 6.
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    At the same time, the proposed proprietary transactions in OTC
Securities would remain subject to all of the other provisions of NYSE
Amex Equities Rule 70.40. First, a member organization would have to
obtain approval from NYSE Regulation, Inc. (``NYSER'') to engage in
proprietary OTC Securities trading from booth premises.\13\
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    \13\ NYSE Amex Equities Rule 70.40(1).
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    Second, all such transactions would be subject to the regulatory
requirements that apply to ``upstairs'' trading, including registration
requirements and audit trail requirements applicable to those markets
and supervision requirements under NYSE Amex Equities Rule 342.\14\
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    \14\ NYSE Amex Equities Rule 70.40(4) and (5).
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    Finally, a member organization would be required to adopt and
implement comprehensive written procedures governing the conduct and
supervision of proprietary trading in OTC Securities handled through
the booth and the staff responsible for such activities; such
procedures must be reasonably designed to ensure that the member
organization would be trading in compliance with the requirements of
NYSE Amex Equities Rule 70.40, including that it is not effecting
transactions from booth premises in OTC Securities that are related to
securities listed or traded on the Exchange or NYSE. A member
organization would be required to obtain NYSER approval of such written
procedures before such trading commences.\15\ A member organization
would be required to regularly review such procedures and compliance
therewith, and obtain approval from NYSER of any subsequent changes to
such procedures.\16\
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    \15\ If a member organization had already obtained approval to
operate a booth premises under NYSE Amex Equities Rule 70.40, it
would still be required to update its written procedures to address
proprietary trading in OTC Securities and obtain NYSER approval
under NYSE Amex Equities Rule 70.40(7).
    \16\ NYSE Amex Equities Rule 70.40(6) and (7).
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    At a minimum, such written procedures must require the member
organization to exercise due diligence before commencing trading in an
OTC Security from the booth premises pursuant to this Rule to ensure
that such trading is in compliance with the requirements of this Rule
and that the member organization has procedures to monitor its trading
activity in order to remain in compliance. A member organization must
have supervisory systems in place that produce records sufficient to
reconstruct, in a time-sequenced manner, all orders with respect to
which the member organization is trading from the booth premises under
this Rule. The member organization must be able to demonstrate which
OTC Security transactions were effected from the booth premises (as
compared to off-Floor trading, if applicable). If the member
organization could not demonstrate which trading is from the booth
premises, the Exchange would presume that all such trading was effected
from the booth premises.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\17\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\18\ in particular, in that it is designed to
prevent fraudulent and manipulative acts and practices, to promote just
and equitable principles of trade, to remove impediments to and perfect
the mechanism of a free and open market and a national market system,
and, in general, to protect investors and the public interest. The
proposed rule change provides member organizations with a means to
remain competitive in view of changes in the markets by permitting
Floor brokers to engage in proprietary trading in certain OTC
Securities from their booth premises. Such trading offers member
organizations no time, place, or information advantage but permits them
to more fully utilize booth staff and thereby operate their booth
premises more efficiently in conjunction with upstairs trading. The
permitted proprietary trading activity in OTC Securities would remain
subject to robust, existing regulatory requirements that serve to
foster just and equitable principles of trade.
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    \17\ 15 U.S.C. 78f(b).
    \18\ 15 U.S.C. 78f(b)(5).

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B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received from Members, Participants or Others

    No written comments were solicited or received with respect to the
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    Within 45 days of the date of publication of this notice in the
Federal Register or within such longer period up to 90 days (i) As the
Commission may designate if it finds such longer period to be
appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
    (A) by order approve or disapprove the proposed rule change, or
    (B) institute proceedings to determine whether the proposed rule
change should be disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://
www.sec.gov/rules/sro.shtml); or
     Send an e-mail to<EMAIL_ADDRESS>Please include
File Number SR-NYSEAmex-2011-34 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSE-Amex-2011-34. This
file number should be included on the subject line if e-mail is used.
To help the Commission process and review your comments more
efficiently, please use only one method. The Commission will post all
comments on the Commission's Internet Web site (http://www.sec.gov/
rules/sro.shtml). Copies of the submission, all subsequent amendments,
all written statements with respect to the proposed rule change that
are filed with the Commission, and all written communications relating
to the proposed rule change between the Commission and any person,
other than those that may be withheld from the public in accordance
with the provisions of 5 U.S.C. 552, will be available for Web site
viewing and printing in the Commission's Public Reference Room, 100 F
Street, NE., Washington, DC 20549, on official business days between
the hours of 10 a.m. and 3 p.m. Copies of the filing also will be
available for inspection and copying at the principal office of the
Exchange. All comments received will be posted without change; the
Commission does not edit personal identifying information from
submissions. You should submit only information that you wish to make
available publicly. All submissions should refer to File Number SR-
NYSEAmex-2011-34 and should be submitted on or before June 15, 2011.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\19\
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    \19\ 17 CFR 200.30-3(a)(12).
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Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-12875 Filed 5-24-11; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 77, Number 231 (Friday, November 30, 2012)]
[Notices]
[Page 71462]
[FR Doc No: 2012-28946]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.

Extension: Rule 17a-12/Form X-17A-5IIB. OMB Control No. 3235-0498,
SEC File No. 270-442.

    Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 17a-12 (17 CFR 240.17a-
12) and Part IIB of Form X-17A-5 (17 CFR 249.617) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). The
Commission plans to submit this existing collection of information to
the Office of Management and Budget (``OMB'') for extension and
approval.
    Rule 17a-12 is the reporting rule tailored specifically for over-
the-counter (``OTC'') derivatives dealers registered with the
Commission, and Part IIB of Form X-17A-5, the Financial and Operational
Combined Uniform Single (``FOCUS'') Report, is the basic document for
reporting the financial and operational condition of OTC derivatives
dealers. Rule 17a-12 requires registered OTC derivatives dealers to
file Part IIB of the FOCUS Report quarterly. Rule 17a-12 also requires
that OTC derivatives dealers file audited financial statements
annually.
    There are currently four registered OTC derivatives dealers. The
staff expects that one additional firm will register as an OTC
derivatives dealer within the next three years. The staff estimates
that the average amount of time necessary to prepare and file the
quarterly reports required by the rule is eighty hours per OTC
derivatives dealer \1\ and that the average amount of time to prepare
and file the annual audit report is 100 hours per OTC derivatives
dealer per year, for a total reporting burden of 180 hours per OTC
derivatives dealer annually. Thus the staff estimates that the total
industry-wide reporting burden to comply with the requirements of Rule
17a-12 is 900 hours per year (180 x 5). Further, the Commission
estimates that the total internal compliance cost associated with this
requirement is approximately $250,000 per year.\2\ The Commission
previously estimated that there were no external annualized costs
associated with Rule 17a-12. However, the cost associated with an
independent accountant's examination of the financial statements OTC
derivatives dealers file with the Commission should have been included
in prior submissions. For purposes of the reporting burden for Rule
17a-5 under the Exchange Act (17 CFR 240.17a-5), the Commission
estimated that the average annual reporting cost per broker-dealer for
an independent public accountant to examine the financial statements
was approximately $46,300 per broker-dealer. Based on this estimate,
the total industry-wide annual reporting cost would be approximately
$231,500 ($46,300 x 5).
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    \1\ Based upon an average of 4 responses per year and an average
of 20 hours spent preparing each response.
    \2\ Based on staff experience, an OTC derivatives dealer likely
would have a Compliance Manager gather the necessary information and
prepare and file the quarterly reports and annual audit report and
supporting schedules. According to the Securities Industry and
Financial Markets Association Report on Management and Professional
Earnings in the Securities Industry dated October 2011, which
provides base salary and bonus information for middle-management and
professional positions within the securities industry, the hourly
cost of a compliance manager, which the Commission staff has
modified to account for an 1800-hour work year and multiplied by
5.35 to account for bonuses, firm size, employee benefits, and
overhead, is approximately $279/hour. $279 times 900 hours =
$251,100.
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    Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information to be
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
    The Commission may not conduct or sponsor a collection of
information unless it displays a currently valid OMB control number. No
person shall be subject to any penalty for failing to comply with a
collection of information subject to the PRA that does not display a
valid OMB control number.
    Please direct your written comments to: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312, or
send an email to<EMAIL_ADDRESS>
     Dated: November 26, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-28946 Filed 11-29-12; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 87, Number 42 (Thursday, March 3, 2022)]
[Proposed Rules]
[Pages 12001-12003]
[FR Doc No: 2022-04457]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Docket No. FAA-2022-0163; Airspace Docket No. 22-ACE-7]
RIN 2120-AA66

Proposed Amendment of Class E Airspace; Hugoton, KS

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking (NPRM).

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SUMMARY: This action proposes to amend the Class E airspace at Hugoton,
KS. The FAA is proposing this action as the result of an airspace
review as part

of the decommissioning of the Hugoton non-directional beacon (NDB). The
geographic coordinates of the airport would also be updated to coincide
with the FAA's aeronautical database.

DATES: Comments must be received on or before April 18, 2022.

ADDRESSES: Send comments on this proposal to the U.S. Department of
Transportation, Docket Operations, West Building Ground Floor, Room
W12-140, 1200 New Jersey Avenue SE, Washington, DC 20590; telephone
(202) 366-9826, or<PHONE_NUMBER>. You must identify FAA Docket No.
FAA-2022-0163/Airspace Docket No. 22-ACE-7 at the beginning of your
comments. You may also submit comments through the internet at https://www.regulations.gov. You may review the public docket containing the
proposal, any comments received, and any final disposition in person in
the Dockets Office between 9:00 a.m. and 5:00 p.m., Monday through
Friday, except federal holidays.
    FAA Order JO 7400.11F, Airspace Designations and Reporting Points,
and subsequent amendments can be viewed online at https://www.faa.gov/air_traffic/publications/. For further information, you can contact the
Airspace Policy Group, Federal Aviation Administration, 800
Independence Avenue SW, Washington, DC 20591; telephone: (202) 267-
8783. FAA Order JO 7400.11F is also available for inspection at the
National Archives and Records Administration (NARA). For information on
the availability of FAA Order JO 7400.11F at NARA, email:
[email protected] or go to https://www.archives.gov/federal-register/cfr/ibr-locations.html.

FOR FURTHER INFORMATION CONTACT: Jeffrey Claypool, Federal Aviation
Administration, Operations Support Group, Central Service Center, 10101
Hillwood Parkway, Fort Worth, TX 76177; telephone<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

Authority for This Rulemaking

    The FAA's authority to issue rules regarding aviation safety is
found in Title 49 of the United States Code. Subtitle I, Section 106
describes the authority of the FAA Administrator. Subtitle VII,
Aviation Programs, describes in more detail the scope of the agency's
authority. This rulemaking is promulgated under the authority described
in Subtitle VII, part A, subpart I, Section 40103. Under that section,
the FAA is charged with prescribing regulations to assign the use of
airspace necessary to ensure the safety of aircraft and the efficient
use of airspace. This regulation is within the scope of that authority
as it would amend the Class E airspace extending upward from 700 feet
above the surface at Hugoton Municipal Airport, Hugoton, KS, to support
instrument flight rule operations at this airport.

Comments Invited

    Interested parties are invited to participate in this proposed
rulemaking by submitting such written data, views, or arguments, as
they may desire. Comments that provide the factual basis supporting the
views and suggestions presented are particularly helpful in developing
reasoned regulatory decisions on the proposal. Comments are
specifically invited on the overall regulatory, aeronautical, economic,
environmental, and energy-related aspects of the proposal.
Communications should identify both docket numbers and be submitted in
triplicate to the address listed above. Commenters wishing the FAA to
acknowledge receipt of their comments on this notice must submit with
those comments a self-addressed, stamped postcard on which the
following statement is made: ``Comments to Docket No. FAA-2022-0163/
Airspace Docket No. 22-ACE-7.'' The postcard will be date/time stamped
and returned to the commenter.
    All communications received before the specified closing date for
comments will be considered before taking action on the proposed rule.
The proposal contained in this notice may be changed in light of the
comments received. A report summarizing each substantive public contact
with FAA personnel concerned with this rulemaking will be filed in the
docket.

Availability of NPRMs

    An electronic copy of this document may be downloaded through the
internet at https://www.regulations.gov. Recently published rulemaking
documents can also be accessed through the FAA's web page at https://www.faa.gov/air_traffic/publications/airspace_amendments/.
    You may review the public docket containing the proposal, any
comments received, and any final disposition in person in the Dockets
Office (see the ADDRESSES section for the address and phone number)
between 9:00 a.m. and 5:00 p.m., Monday through Friday, except federal
holidays. An informal docket may also be examined during normal
business hours at the Federal Aviation Administration, Air Traffic
Organization, Central Service Center, Operations Support Group, 10101
Hillwood Parkway, Fort Worth, TX 76177.

Availability and Summary of Documents for Incorporation by Reference

    This document proposes to amend FAA Order JO 7400.11F, Airspace
Designations and Reporting Points, dated August 10, 2021, and effective
September 15, 2021. FAA Order JO 7400.11F is publicly available as
listed in the ADDRESSES section of this document. FAA Order JO 7400.11F
lists Class A, B, C, D, and E airspace areas, air traffic service
routes, and reporting points.

The Proposal

    The FAA is proposing an amendment to 14 CFR part 71 by amending the
Class E airspace extending upward from 700 feet above the surface
within a 6.5-mile (reduced from a 7.2-mile) radius of Hugoton Municipal
Airport, Hugoton, KS; removing the Hugoton NDB and associated extension
from the airspace legal description; and updating the geographic
coordinates of the airport to coincide with the FAA's aeronautical
database.
    This action is necessary due to an airspace review as part of the
decommissioning of the Hugoton NDB which provided navigation
information for the instrument procedures this airport.
    Class E airspace designations are published in paragraph 6005 of
FAA Order JO 7400.11F, dated August 10, 2021, and effective September
15, 2021, which is incorporated by reference in 14 CFR 71.1. The Class
E airspace designations listed in this document will be published
subsequently in FAA Order JO 7400.11.
    FAA Order JO 7400.11, Airspace Designations and Reporting Points,
is published yearly and effective on September 15.

Regulatory Notices and Analyses

    The FAA has determined that this regulation only involves an
established body of technical regulations for which frequent and
routine amendments are necessary to keep them operationally current, is
non-controversial and unlikely to result in adverse or negative
comments. It, therefore: (1) Is not a ``significant regulatory action''
under Executive Order 12866; (2) is not a ``significant rule'' under
DOT Regulatory Policies and Procedures (44 FR 11034; February 26,
1979); and (3) does not warrant preparation of a regulatory evaluation
as the anticipated impact is so minimal. Since this is a routine matter
that will only affect air traffic procedures and air navigation, it is
certified that this rule, when

promulgated, would not have a significant economic impact on a
substantial number of small entities under the criteria of the
Regulatory Flexibility Act.

Environmental Review

    This proposal will be subject to an environmental analysis in
accordance with FAA Order 1050.1F, ``Environmental Impacts: Policies
and Procedures'' prior to any FAA final regulatory action.

List of Subjects in 14 CFR Part 71

    Airspace, Incorporation by reference, Navigation (air).

The Proposed Amendment

    Accordingly, pursuant to the authority delegated to me, the Federal
Aviation Administration proposes to amend 14 CFR part 71 as follows:

PART 71--DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR
TRAFFIC SERVICE ROUTES; AND REPORTING POINTS

0
1. The authority citation for 14 CFR part 71 continues to read as
follows:

    Authority:  49 U.S.C. 106(f), 106(g); 40103, 40113, 40120; E.O.
10854, 24 FR 9565, 3 CFR, 1959-1963 Comp., p. 389.

Sec.  71.1   [Amended]

0
2. The incorporation by reference in 14 CFR 71.1 of FAA Order JO
7400.11F, Airspace Designations and Reporting Points, dated August 10,
2021, and effective September 15, 2021, is amended as follows:

Paragraph 6005 Class E Airspace Areas Extending Upward From 700
Feet or More Above the Surface of the Earth.

* * * * *

ACE KS E5 Hugoton, KS [Amended]

Hugoton Municipal Airport, KS
    (Lat. 37[deg]09'48'' N, long. 101[deg]22'14'' W)

    That airspace extending upward from 700 feet above the surface
within a 6.5-mile radius of Hugoton Municipal Airport.

    Issued in Fort Worth, Texas, on February 28, 2022.
Martin A. Skinner,
Acting Manager, Operations Support Group, ATO Central Service Center.
[FR Doc. 2022-04457 Filed 3-2-22; 8:45 am]
BILLING CODE 4910-13-P


[Federal Register: October 6, 2006 (Volume 71, Number 194)]
[Notices]
[Page 59171-59173]
[DOCID:fr06oc06-106]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-54540; File No. SR-ISE-2006-58]

Self-Regulatory Organizations; International Securities Exchange,
LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change Relating to the Exercise Deadline for Quarterly Options Series

September 29, 2006.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on September 26, 2006, the International Securities Exchange, LLC
(``Exchange'' or ``ISE'') filed with the Securities and Exchange
Commission the proposed rule change as described in Items I and II
below, which items have been prepared by the Exchange. The Commission
has designated this proposed rule change as non-controversial under
Section 19(b)(3)(A)(iii) of the Act \3\ and Rule 19b-4(f)(6)
thereunder,\4\ which renders the proposed rule change effective upon
filing with the Commission. The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \4\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The ISE proposes to amend ISE rule 1100(c) ``Exercise of Options
Contracts.'' The text of the proposed rule change is set forth below.
Proposed new language is italicized.
* * * * *

Rule 1100. Exercise of Options Contracts

    (a)-(b) No Change.
    (c) Exercise cut-off time. Option holders have until 5:30 p.m.
Eastern Time on the business day immediately prior to the expiration
date or, in the case of Quarterly Options Series, on the expiration
date, to make a final decision

to exercise or not exercise an expiring option. For customer accounts,
Members may not accept exercise instructions after 5:30 p.m. Eastern
Time but have until 6:30 p.m. Eastern Time to submit a Contrary
Exercise Advice. For non-customer accounts, Members may not accept
exercise instructions after 5:30 p.m. Eastern Time but have until 6:30
p.m. Eastern Time to submit a Contrary Exercise Advice if such Member
employs an electronic submission procedure with time stamp for the
submission of exercise instructions by option holders. Consistent with
Supplemental Material .03, Members are required to submit a Contrary
Exercise Advice by 5:30 p.m. for non-customer accounts if such Members
do not employ an electronic submission procedure with time stamp for
the submission of exercise instructions by option holders.
    (d)-(j) No Change.
* * * * *

II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the Exchange included statements
concerning the purpose of, and basis for, the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B and C below, of the most significant aspects of such
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The ISE proposes to amend its rule regarding exercise cut-off time
to revise its application to Quarterly Options Series. Currently, under
ISE Rule 1100(c), option holders have until 5:30 p.m. Eastern Time on
the business day immediately prior to the expiration date to make a
final decision to exercise or not exercise an expiring option. The rule
in its current form would require the holder of a quarterly option to
decide whether to exercise or not exercise an expiring option on the
business day immediately prior to the expiration date. However, since
Quarterly Options Series continue to trade on the expiration date, an
option holder would have to make the decision whether to exercise an
expiring option without the knowledge of what the closing price of the
underlying security would be on expiration. Accordingly, the Exchange
proposes to amend Rule 1100(c) so that a holder of an expiring
quarterly option has until 5:30 p.m. on the expiration date to decide
whether to exercise or not exercise an expiring quarterly option.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act \5\ in general, and Section 6(b)(5) of the
Act \6\ specifically, in that it is designed to promote just and
equitable principles of trade, to prevent fraudulent and manipulative
acts and practices, and, in general, to protect investors and the
public interest.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange believes that the proposed rule change will not impose
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others

    No written comments were solicited or received with respect to the
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    The Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A) of the Act \7\ and subparagraph (f)(6) of Rule 19b-4
thereunder.\8\ Because the foregoing proposed rule change (i) does not
significantly affect the protection of investors or the public
interest; (ii) does not impose any significant burden on competition;
and (iii) the Exchange provided the Commission with notice of its
intent to file the proposed rule change at least five days prior to the
filing date, the proposed rule change has become effective pursuant to
Section 19(b)(3)(A) of the Act and Rule 19b-4(f)(6)(iii) thereunder.\9\
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(3)(A).
    \8\ 17 CFR 240.19b-4(f)(6).
    \9\ Rule 19b-4(f)(6)(iii) requires the Exchange to give written
notice to the Commission of its intent to file the proposed rule
change five business days prior to filing. The Exchange provided the
Commission with such notice on September 6, 2006.
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) normally does
not become operative for 30 days after the date of filing. However,
Rule 19b-4(f)(6)(iii) permits the Commission to waive the operative
delay if such action is consistent with the protection of investors and
the public interest. The Exchange has asked the Commission to waive the
operative delay to permit the proposed rule change to become effective
prior to the 30th day after filing.
    The Commission believes that waiving the 30-day operative delay is
consistent with the protection of investors and the public interest.
Waiving the operative delay will allow the Exchange to permit exercise
of a Quarterly Options Series at any time until the close of business
on its expiration date starting with the third quarter 2006 expirations
on Friday, September 29, 2006, and consequently will benefit investors.
Therefore the Commission has determined to waive the 30-day delay and
allow the proposed rule change to become operative immediately.\10\
---------------------------------------------------------------------------

    \10\ For purposes only of waiving the operative delay of this
proposal, the Commission notes that it has considered the proposed
rule's impact on efficiency, competition, and capital formation. 15
U.S.C. 78c(f).
---------------------------------------------------------------------------

    At any time within sixty (60) days of the filing of the proposed
rule change, the Commission may summarily abrogate such rule change if
it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml.
); or     Send an e-mail to<EMAIL_ADDRESS>Please include

File No. SR-ISE-2006-58 on the subject line.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090. All submissions should refer to File Number
SR-ISE-2006-58. This file number should be included on the subject line
if e-mail is used. To help the Commission process and review your
comments more efficiently, please

use only one method. The Commission will post all comments on the
Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml).

Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for inspection and copying in the
Commission's Public Reference Room. Copies of such filing also will be
available for inspection and copying at the principal office of the
ISE. All comments received will be posted without change; the
Commission does not edit personal identifying information from
submissions. You should submit only information that you wish to make
available publicly. All submissions should refer to File Number SR-ISE-
2006-58 and should be submitted on or before October 27, 2006.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------

    \11\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Nancy M. Morris,
Secretary.
 [FR Doc. E6-16583 Filed 10-5-06; 8:45 am]

BILLING CODE 8011-01-P


Underground Natural Gas Storage reporters [18]
                                                                           4.00
                                                                              1
                                                                           4.00
                                                                             45
                                                                         180.0

                                                                        $17,852

LNG Import and Export Equipment reporters [18]
                                                                           4.00
                                                                              1
                                                                           4.00
                                                                              7
                                                                          28.0

                                                                         $2,777

Natural Gas Distribution reporters [18]
                                                                           4.00
                                                                              1
                                                                           4.00
                                                                            103
                                                                         412.0

                                                                        $40,862

LNG Storage reporters [18]
                                                                           4.00
                                                                              1
                                                                           4.00
                                                                              3
                                                                          12.0

                                                                         $1,190

Determine emissions using population counts

Onshore Petroleum and Natural Gas Production existing reporters [19][,20]
                                                                           0.45
                                                                              1
                                                                           0.45
                                                                            503

                                                                         226.4

                                                                        $11,960

Onshore Petroleum and Natural Gas Production new reporters [1][9]
                                                                           4.50
                                                                              1
                                                                           4.50
                                                                              0

                                                                             -

                                                                             $0

Onshore Petroleum and Natural Gas Production new reporters [1][9,20]
                                                                           0.45
                                                                              1
                                                                           0.45
                                                                             50

                                                            22.5

                                                                         $1,189

Onshore Petroleum and Natural Gas Gathering and Boosting reporters [1][9]
                                                                           4.50
                                                                              1
                                                                           4.50
                                                                              0

                                                                              -

                                                                             $0

Onshore Petroleum and Natural Gas Gathering and Boosting reporters [1][9][,20]
                                                                           0.45
                                                                              1
                                                                           0.45
                                                                            200

                                                              90

                                                                         $4,756

Blowdown Vent Stacks

Calculate emissions

Onshore Natural Gas Processing reporters [13, 15]
                                                                           0.13
                                                                            8.2
                                                                           1.09
                                                                             90
                                                                          98.4

                                                                           9.8
                                                                           4.9
                                                                        $11,568

Onshore Natural Gas Transmission Compression reporters [13, 15]
                                                                           0.13
                                                                            7.7
                                                                           1.03
                                                                            202
                                                                         207.4

                                                                          20.7
                                                                          10.4
                                                                        $24,380

LNG Import and Export Equipment reporters [13, 15]
                                                                           0.13
                                                                            9.0
                                                                           1.20
                                                                              3
                                                                           3.6

                                                                           0.4
                                                                           0.2
                                                                           $423

Natural Gas Transmission Pipeline reporters [15,20]
                                                                           0.13
                                                                             15
                                                                           2.00
                                                                            183
                                                                         366.0

                                                                          36.6
                                                                          18.3
                                                                        $43,026

Onshore Petroleum and Natural Gas Gathering and Boosting reporters [15,20]
                                                                           0.13
                                                                            8.0
                                                                           1.07
                                                                            200
                                                                         213.3

                                                                          21.3
                                                                          10.7
                                                                        $25,079

Centrifugal Compressors

Measure volumetric emissions from centrifugal compressors

Onshore Natural Gas Processing reporters [13,21,22]
                                                                           0.50
                                                                            3.1
                                                                           1.55
                                                                            153
                                                                         237.2

                                                                        $23,521

Onshore Natural Gas Transmission Compression reporters [13,21,23]
                                                                           0.50
                                                                            2.4
                                                                           1.20
                                                                            343
                                                                         411.6

                                                                        $40,822

Underground Natural Gas Storage reporters [13,21,24]
                                                                           0.50
                                                                            3.5
                                                                           1.75
                                                                             10
                                                                          17.5

                                                                         $1,736

LNG Import and Export Equipment reporters [13,21,25]
                                                                           0.50
                                                                            3.2
                                                                           1.60
                                                                              3
                                                                           5.4

                                                                           $476

LNG Storage reporters [13,21,27]
                                                                           0.50
                                                                            1.9
                                                                           0.95
                                                                              1
                                                                           1.0

                                                                            $94

Calculate facility-wide emission factor and calculate mass emissions

Onshore Natural Gas Processing reporters [13,21,22]
                                                                           0.17
                                                                            3.1
                                                                           0.52
                                                                            153
                                                                          79.1

                                                                           7.9
                                                                           4.0
                                                                         $9,293

Onshore Natural Gas Transmission Compression reporters [13,21,23]
                                                                           0.17
                                                                            2.4
                                                                           0.40
                                                                            343
                                                                         137.2

                                                                          13.7
                                                                           6.9
                                                                        $16,129

Underground Natural Gas Storage reporters [13,21,24]
                                                                           0.17
                                                                            3.5
                                                                           0.58
                                                                             10
                                                                           5.8

                                                                           0.6
                                                                           0.3
                                                                           $686

LNG Import and Export Equipment reporters [13][,][21][,25]
                                                                           0.17
                                                                            3.2
                                                                           0.53
                                                                              3
                                                                           1.6

                                                                           0.2
                                                                           0.1
                                                                           $188

LNG Storage reporters [13,21][,27]
                                                                           0.17
                                                                            1.9
                                                                           0.32
                                                                              1
                                                                           0.3

                                                                           0.0
                                                                           0.0
                                                                            $37

Determine count and calculate emissions using emission factor

Onshore Petroleum and Natural Gas Production existing reporters [28]
                                                                           0.10
                                                                            1.0
                                                                           0.10
                                                                            207

                                                                          20.7

                                                                         $1,094

Onshore Petroleum and Natural Gas Production new reporters [28]
                                                                           1.00
                                                                            1.0
                                                                           1.00
                                                                              0

                                                                             -

                                                                             $0

Onshore Petroleum and Natural Gas Production new reporters [28]
                                                                           0.10
                                                                            1.0
                                                                           0.10
                                                                             50

                                                                        0.50

                                                                           $264

Onshore Petroleum and Natural Gas Gathering and Boosting reporters [28]
                                                                           1.00
                                                                            1.0
                                                                           1.00
                                                                              0

                                                                             -

                                                                             $0

Onshore Petroleum and Natural Gas Gathering and Boosting reporters [28]
                                                                           0.10
                                                                            1.0
                                                                           0.10
                                                                            200

                                                                        20.0

                                                                         $1,057

Reciprocating Compressors

Measure volumetric emissions from reciprocating compressors

Onshore Natural Gas Processing reporters [13,21,29]
                                                                           0.50
                                                                            7.5
                                                                           3.75
                                                                            347

                                                                       1,301.3

                                                                        $68,758

Onshore Natural Gas Transmission Compression reporters [13,21,30]
                                                                           0.50
                                                                            6.8
                                                                           3.40
                                                                            314

                                                                       1,067.6

                                                                        $56,412

Underground Natural Gas Storage reporters [13,21,31]
                                                                           0.50
                                                                            6.5
                                                                           3.25
                                                                             53

                                                                         172.3

                                                                         $9,102

LNG Import and Export Equipment reporters [13,21,32]
                                                                           0.50
                                                                            3.6
                                                                           1.80
                                                                              6

                                                                          10.8

                                                                           $571

LNG Storage reporters [13,21,33]
                                                                           0.50
                                                                            3.6
                                                                           1.80
                                                                              3

                                                                           5.4

                                                                           $285

Calculate facility-wide emission factor and calculate mass emissions

Onshore Natural Gas Processing reporters [13,21,29]
                                                                           0.17
                                                                            7.5
                                                                           1.25
                                                                            347
                                                                         433.8

                                                                          43.4
                                                                          21.7
                                                                        $50,991

Onshore Natural Gas Transmission Compression reporters [13,21,30]
                                                                           0.17
                                                                            6.8
                                                                           1.13
                                                                            314
                                                                         355.9

                                                                          35.6
                                                                          17.8
                                                                        $41,835

Underground Natural Gas Storage reporters [13,21,31]
                                                                           0.17
                                                                            6.5
                                                                           1.08
                                                                             53
                                                                          57.4

                                                                           5.7
                                                                           2.9
                                                                         $6,750

LNG Import and Export Equipment reporters [13,21,32]
                                                                           0.17
                                                                            3.6
                                                                            0.6
                                                                              6
                                                                           3.6

                                                                           0.4
                                                                           0.2
                                                                           $423

LNG Storage reporters [13,21,33]
                                                                           0.17
                                                                            3.6
                                                                            0.6
                                                                              3
                                                                           1.8

                                                                           0.2
                                                                           0.1
                                                                           $212

Determine count and calculate emissions using emission factor

Onshore Petroleum and Natural Gas Production existing reporters [28]
                                                                           0.10
                                                                            1.0
                                                                           0.10
                                                                            358
                                                                          35.8
                                                                          35.8

                                                                         $5,442

Onshore Petroleum and Natural Gas Production new reporters [28]
                                                                           1.00
                                                                            1.0
                                                                           1.00
                                                                              0
                                                                             -
                                                                             -

                                                                             $0

Onshore Petroleum and Natural Gas Production new reporters [28]
                                                                           0.10
                                                                            1.0
                                                                           0.10
                                                                            50

                                                                        0.50

                                                                           $760

        Onshore Petroleum and Natural Gas Gathering and Boosting reporters [28]
                                                                           1.00
                                                                            1.0
                                                                           1.00
                                                                              0
                                                                              -
                                                                             -

                                                                             $0

        Onshore Petroleum and Natural Gas Gathering and Boosting reporters [28]
                                                                           0.10
                                                                            1.0
                                                                           0.10
                                                                            200

                                                                        20.0

                                                                         $1,057

Combustion Emissions

Determine fuel consumption through company records and calculate emissions

Onshore Petroleum and Natural Gas Production existing reporters [2,34]
                                                                           2.00
                                                                            1.0
                                                                           2.00
                                                                            476
                                                                         952.0

                                                                        $94,419

Onshore Petroleum and Natural Gas Production new reporters [2,34]
                                                                           2.00
                                                                            1.0
                                                                           2.00
                                                                             50
                                                                         100.0

                                                                         $9,918

Onshore Petroleum and Natural Gas Gathering and Boosting reporters [2,34]
                                                                           2.00
                                                                            1.0
                                                                           2.00
                                                                            200
                                                                         400.0

                                                                        $39,672

Natural Gas Distribution reporters [2,35]
                                                                           2.00
                                                                            1.0
                                                                           2.00
                                                                             36
                                                                          72.0

                                                                         $7,141

Associated Gas Venting and Flaring

Calculate emissions using GOR and equations in rule

Onshore Petroleum and Natural Gas Production existing reporters [13,3][5]
                                                                           5.00
                                                                            1.0
                                                                           5.00
                                                                            149
                                                                         745.0

                                                                        $73,889

Onshore Petroleum and Natural Gas Production new reporters [13,35]
                                                                           5.00
                                                                            1.0
                                                                           5.00
                                                                             50
                                                                         250.0

                                                                        $24,795

Determine GOR using available information

Onshore Petroleum and Natural Gas Production existing reporters[3][6]
                                                                           1.00
                                                                            0.0
                                                                           0.00
                                                                            149
                                                                           -

                                                                             $0

Onshore Petroleum and Natural Gas Production new reporters [3][6]
                                                                           1.00
                                                                            0.0
                                                                           0.00
                                                                             50
                                                                           -

                                                                             $0

Dehydrators

Run simulation software (M1)

Onshore Natural Gas Processing reporters [13,][15]
                                                                           0.25
                                                                            1.7
                                                                           0.43
                                                                            270
                                                                         114.8

                                                                          11.5
                                                                           5.7
                                                                        $13,490

Onshore Petroleum and Natural Gas Production existing reporters [13,][15]
                                                                           0.25
                                                                           11.5
                                                                           2.88
                                                                            170
                                                                         488.8

                                                                          48.9
                                                                          24.4
                                                                        $57,456

Onshore Petroleum and Natural Gas Production new reporters [15,][40]
                                                                           0.25
                                                                           11.5
                                                                           2.88
                                                                             50
                                                                         143.8

                                                                          14.4
                                                                           7.2
                                                                        $16,899

Onshore Petroleum and Natural Gas Gathering and Boosting reporters[15][,41]
                                                                           0.25
                                                                            2.7
                                                                           0.67
                                                                            200
                                                                          134.3

                                                                          13.4
                                                                            6.7
                                                                        $15,792

Equipment counts and population emission factors (M2)

Onshore Natural Gas Processing reporters [38]
                                                                           0.17
                                                                            8.9
                                                                           1.48
                                                                            234
                                                                         347.1

                                                                          34.7
                                                                          17.4
                                                                        $40,804

Onshore Petroleum and Natural Gas Production existing reporters [3][8]
                                                                           0.17
                                                                           15.8
                                                                           2.63
                                                                            165
                                                                         434.5

                                                                          43.5
                                                                           21.7
                                                                        $51,079

Onshore Petroleum and Natural Gas Production new reporters [3][8]
                                                                           0.17
                                                                           15.8
                                                                           2.63
                                                                             50
                                                                         131.7

                                                                          13.2
                                                                           6.6
                                                                        $15,478

Onshore Petroleum and Natural Gas Gathering and Boosting reporters [38]
                                                                           0.17
                                                                            3.7
                                                                           0.62
                                                                            200
                                                                         123.0

                                                                          12.3
                                                                           6.2
                                                                        $14,464

Calculation using Eq. W-6 (M3)

Onshore Natural Gas Processing reporters [13,39]
                                                                           0.17
                                                                            2.7
                                                                           0.45
                                                                            146
                                                                          65.7

                                                                           6.6
                                                                           3.3
                                                                         $7,724

Onshore Petroleum and Natural Gas Production existing reporters [13,39]
                                                                           0.17
                                                                            7.8
                                                                           1.30
                                                                             42
                                                                          54.6

                                                                           5.5
                                                                            2.7
                                                                         $6,419

Onshore Petroleum and Natural Gas Production new reporters [3][9,40]
                                                                           0.17
                                                                            7.8
                                                                           1.30
                                                                             50
                                                                          65.0

                                                                           6.5
                                                                           3.3
                                                                         $7,641

Onshore Petroleum and Natural Gas Gathering and Boosting reporters [39][,41]
                                                                           0.17
                                                                            1.8
                                                                            0.3
                                                                            200
                                                                          60.7

                                                                         $6,024

EOR Hydrocarbon Liquid Dissolved CO2

Measure volume of hydrocarbon liquids produced through EOR operations

Onshore Petroleum and Natural Gas Production existing reporters [42,43]
                                                                           0.17
                                                                            3.0
                                                                           0.50
                                                                             15

                                                                           7.5

                                                                           $396

Onshore Petroleum and Natural Gas Production new reporters [39,42]
                                                                           0.17
                                                                            3.0
                                                                           0.50
                                                                             50

                                                                            25

                                                                         $1,321

Determine average CO2 retained in HC liquids downstream of the storage tank

Onshore Petroleum and Natural Gas Production existing reporters [42,43]
                                                                           0.17
                                                                            3.0
                                                                           0.50
                                                                             15

                                                                           7.5

                                                                           $396

Onshore Petroleum and Natural Gas Production new reporters [39,42]
                                                                           0.17
                                                                            3.0
                                                                           0.50
                                                                             50

                                                                            25

                                                                         $1,321

Calculation using Eq. W-38

Onshore Petroleum and Natural Gas Production existing reporters [42,43]
                                                                           0.17
                                                                            3.0
                                                                           0.50
                                                                             15
                                                                           7.5

                                                                           $744

Onshore Petroleum and Natural Gas Production new reporters [3][9][,42]
                                                                           0.17
                                                                            3.0
                                                                           0.50
                                                                             50
                                                                          25.0

                                                                         $2,480

EOR Injection Pump Blowdown

Calculate total injection pump system volume

Onshore Petroleum and Natural Gas Production existing reporters [13,][44]
                                                                           0.17
                                                                           11.0
                                                                           1.83
                                                                              5
                                                                           9.2

                                                                           $909

Onshore Petroleum and Natural Gas Production new reporters [44]
                                                                           0.17
                                                                           11.0
                                                                           1.83
                                                                             50
                                                                          91.7

                                                                         $9,092

Retain logs of number of blowdowns per year

Onshore Petroleum and Natural Gas Production existing reporters [13][,44]
                                                                           0.17
                                                                           11.0
                                                                           1.83
                                                                              5
                                                                            9.2

                                                                           $909

Onshore Petroleum and Natural Gas Production new reporters [44]
                                                                           0.17
                                                                           11.0
                                                                           0.80
                                                                             50
                                                                          91.7

                                                                         $9,092

Calculate emissions using Eq W-37

Onshore Petroleum and Natural Gas Production existing reporters [13][,44]
                                                                           0.17
                                                                           11.0
                                                                           1.83
                                                                              5
                                                                           9.2

                                                                           $909

Onshore Petroleum and Natural Gas Production new reporters [44]
                                                                           0.17
                                                                           11.0
                                                                           1.83
                                                                             50
                                                                          91.7

                                                                         $9,092

Transmission Tanks at Onshore Natural Gas Transmission Compression reporters

Determine leaks using optical gas imaging instrument [45,46]
                                                                           0.08
                                                                            0.0
                                                                           0.00
                                                                              0

                                                                             $0

Determine leaks using acoustic leak detection device [45,46]
                                                                           0.08
                                                                            0.0
                                                                           0.00
                                                                              0

                                                                             $0

Determine leaks using calibrated bag [42,46]
                                                                           0.17
                                                                            0.0
                                                                           0.00
                                                                              0

                                                                             $0

Determine and quantify leaks using flow meter [13][,42,47]
                                                                           0.17
                                                                            1.9
                                                                           0.32
                                                                            250
                                                                          79.2

                                                                         $7,852

Determine and quantify leaks using high volume sampler [42,46]
                                                                           0.17
                                                                            0.0
                                                                           0.00
                                                                              0

                                                                             $0

Quantify leaks from optical gas imaging instrument and acoustic leak detection device using flow meter [42,46]
                                                                           0.17
                                                                            0.0
                                                                           0.00
                                                                              0

                                                                             $0

Quantify leaks from optical gas imaging instrument and acoustic leak detection device using high volume sampler [42,46]
                                                                           0.17
                                                                            0.0
                                                                           0.00
                                                                              0

                                                                             $0

Calculate emissions [48]
                                                                           0.50
                                                                            1.9
                                                                           0.95
                                                                            250
                                                                         237.5

                                                                        $23,555

Pneumatic Devices

Estimate count of high bleed, low bleed, and intermittent bleed devices and apply population factor (available only in the first two reporting years for new reporters)

Onshore Petroleum and Natural Gas Production new reporters [49,50]
                                                                           0.45
                                                                            1.0
                                                                           0.45
                                                                             50
                                                                          22.5

                                                                         $2,232

Onshore Petroleum and Natural Gas Gathering and Boosting reporters [49,50]
                                                                           0.45
                                                                            1.0
                                                                           0.45
                                                                            200
                                                                          90.0

                                                                         $8,926

Perform inventory of high bleed, low bleed, and intermittent bleed devices and apply population factor

Onshore Natural Gas Transmission Compression reporters  [20,5][1,52]
                                                                           0.45
                                                                            1.0
                                                                           0.45
                                                                            306
                                                                         137.7

                                                                        $13,657

Underground Natural Gas Storage reporters [20,5][1,52]
                                                                           0.45
                                                                            1.0
                                                                           0.45
                                                                             43
                                                                          19.4

                                                                         $1,919

Onshore Petroleum and Natural Gas Production existing reporters [20,5][1,52]
                                                                           0.45
                                                                            1.0
                                                                           0.45
                                                                            456
                                                                         205.2