Louisiana seeking increased share of OCS royalties

02/20/2006
Louisiana Gov. Kathleen Babineaux Blanco has threatened to block oil and gas leases off Louisiana unless the state receives its “fair share” of oil and gas revenue from federal acreage to help with coastal management.During a Feb. 6 speech to state lawmakers in New Orleans, Blanco suggested splitting oil and gas royalties from the Outer Continental Shelf off Louisiana 50-50 between the state and the federal government. Her comment came as she opened a second special legislative session since Hurricanes Katrina and Rita.“If no effort is made to guarantee our fair share of royalties, I have warned the federal government that we will be forced to block the August sale of of...
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