Remove American Petroleum Institute Remove Government Remove Royalty
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White House Wants to End Royalty-in-Kind Program

The Energy Law

by Elisabeth Lorio Baer Interior Secretary Ken Salazar informed Congress on September 17, 2009 that he would kill a controversial program, currently in effect, that allows energy companies to pay the government royalties for drilling on public lands in actual oil and gas in lieu of cash. For the full story, see [link]

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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 coal industry is also a big winner from the law, which mandates at least 4 million additional acres of federal land be made available for mining.

IT