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Supreme Court Denies Relief to Oil Companies

The Energy Law

In BHP America Petroleum Co. Burton , 549 U.S. — (2006), the Supreme Court resolved a legal issue that has been at the center of federal royalty litigation for twenty years: viz. founded upon any contract,” applies to administrative royalty payment orders issued by the Minerals Management Service (MMS). . whether 28 U.S.C.

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Trump megabill gives the oil industry everything it wants and ends key support for solar and wind

CNBC: Energy

The law also slashes the royalties that producers pay the government for pumping oil and gas on federal lands, encouraging higher output. The investment credit has been in place since 2005 and the production credit since 1992. The Inflation Reduction Act extended the life of both until at least 2032.

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