Bush signs Senate's OCS bill into law

Nick Snow
Washington Correspondent

WASHINGTON, DC, Dec. 21 -- US President George W. Bush signed into law on Dec. 20 the tax relief and health care bill that includes S. 3711, which reopens to oil and gas leasing acreage in the eastern Gulf of Mexico that Bush had withdrawn in 2001 and adds adjacent tracts in deeper water.

The bill also will give directly adjacent coastal states a share of federal OCS oil and gas leasing revenues for the first time, while extending several tax credits for conservation, energy efficiency, and alternative fuels (OGJ, Dec. 18, 2006, p. 30).

Contact Nick Snow at nsnow@cox.net.

Related Articles

WoodMac: US tight-oil market ‘too robust to bust’

03/25/2014 A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of t...

Gorder named Valero chief executive officer


Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

Double Eagle changes name, appoints chief executive officer

03/25/2014 Double Eagle Petroleum Co., Denver, has appointed Charles F. Chambers to the position of chairman and chief executive officer, effective Apr. 1. As...

MOL closes purchase of North Sea assets from Wintershall

03/25/2014 MOL Group, Budapest, has completed its transaction with Wintershall, Kassell, Germany, in which MOL acquires offshore assets with 14 licenses in th...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected