The Department of Interior's new offshore regulator, the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM), announced last Friday that it will end its royalty in kind program on Sept. 30, 2010. Efforts to end the program, which allows industry to remit offshore royalties in oil and gas, date back to the beginning of the Obama Administration. The program has been criticized for creating conflicts of interest between the government and the oil industry. BOEM Director Michael R. Bromwich explained that his agency “should be regulating industry, not participating in their market activities.”