Home > Term: Minerals Management Service
Minerals Management Service
A branch of the US Lands and Mineral Management Department that supervises national resources. MMS has oversight of oil and gas leasing, royalty collection and other operations in US-owned areas. It closely monitors operations in Federal waters, oversees leasing of acreage, issues drilling permits and monitors operators for permit violations.
- Part of Speech: noun
- Industry/Domain: Oil & gas
- Category: Drilling
- Company: Schlumberger
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Creator
- BSchmidt
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