MMS considers changes to natural gas royalty rule

The Department of the Interior's Minerals Management Service may change its natural gas royalty rule but first wants to hold four public workshops this spring."Although we believe the federal gas valuation rule is providing a fair return on federal resources, it is now 15 years old," said MMS Director Johnnie Burton Apr. 10."The natural gas market has changed over those years, and MMS has also gained experience from the 2000 Indian Gas Valuation Rule and from 5 years of taking royalties in kind," she said. "We believe it is time to review and perhaps update the existing rule."Natural gas traditionally accounts for more than 60% of the agency's federal petroleum royalty revenue. An...

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