MMS issues deep-well, shallow-water royalty relief rule

The US Department of the Interior's Minerals Management Service Jan. 26 expanded offshore royalty relief to existing US Outer Continental Shelf (OCS) production that comes from deep wells in shallow water depths."Since infrastructure and lease-specific facilities are already in place, the [OCS] is one of the best available sources for additional near-term domestic natural gas supply to meet the nation's needs," said Johnnie Burton, MMS director. "We believe the incentives offered in this rule will spur industry to explore and produce these deep, undiscovered resources."MMS estimates 2,400 wells are eligible for the royalty break.MMS said it will give leaseholders a royalty suspens...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected