Margin of Variance
The percentage difference that the USEITI Multi-Stakeholder Group defined as significant for each revenue type as part of the reconciliation process.
A discrepancy between government-reported and company-reported revenue payments that is considered significant by the Independent Administrator. Margins of variance vary by revenue type and were approved by the Multi-Stakeholder Group as part of the USEITI process.
1000 cubic feet, a unit of measure for natural gas.
Megawatt Capacity (MC) Fee
A revenue payment for the calculated value of electricity generated on federal lands.
One megawatt is equivalent to one million watts. One megawatt hour (abbreviated as Mwh) is equivalent to 1,000 Kilowatt hours.
One metric ton is equal to 2240 pounds. To convert metric tons to tons, multiply by 1.1023. To convert tons to metric tons, multiply by 0.9072.
A millage tax is a property tax based on the assessed value of a property. Millage tax rates are quantified in terms of mills: One mill is worth 1/1000 of a dollar, or $0.001.
A mill levy is calculated by determining how much revenue each taxing jurisdiction will need for the upcoming year, then dividing that projection by the total value of the property within the area.
A mill rate is the amount of tax payable per dollar on the assessed value of a property. Each mill is worth one-tenth of a cent, or $0.001.
Sometimes the land’s surface owner is different from the owner of the minerals in the ground below. For instance, a state might retain mineral rights when it sells or swaps land.
Mineral Resource Potential
According to the U.S. Geological Survey, mineral resource potential is the likelihood for the occurrence of undiscovered mineral resources in a defined area.
In ONRR's disbursement data, these include funds for the US Treasury, Land and Water Conservation Fund, and the Historic Preservation Fund.
Mixed exploratory is a temporary jurisdictional unit that is used until production is proven on that location. BLM then creates a permanent unit with allocation schedules that may split that area between federal and other ownership. Payors then resubmit royalties based on the new unit allocations. These royalties are retroactive to the first production.
Multi-Stakeholder Group (MSG)
A cross-sector body comprised of members and alternates from government, industry, and civil society organizations commissioned by the Secretary of the Interior to guide and monitor EITI implementation.