Barton disputes report on royalty relief cost

02/27/2006
Rep. Joe Barton (R-Tex.), House Energy and Commerce Committee chair, has disputed a media report that federal royalty relief in the deepwater Gulf of Mexico will cost the US government billions of dollars.A Feb. 14 New York Times article said royalty relief could cost the US more than $7 billion in royalties from about $65 billion in production from federal offshore leases during the next 5 years under the Deep Water Royalty Relief Act of 1995 (OGJ Online, Feb. 16, 2005).The newspaper said it based the estimate on US Minerals Management Service projections (see related story, p. 25).“I think the reporter got that wrong,” Barton told a Feb. 17 Institute for Energy Law conferenc...
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