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Wailing begins about ruling on deepwater leases

11/12/2007
“This is a sad day for the American public,” wailed Senate Energy Committee Chairman Jeff Bingaman (D-NM) about a court decision favoring an oil company in a royalty dispute with large implications.In office at passage of the Deep Water Royalty Relief Act of 1995 (DWRRA), Bingaman claims to know Congress never intended “to allow royalty-free oil regardless of price.”Yet a federal judge in Louisiana has upheld a challenge by Kerr-McGee Oil & Gas Corp., now Anadarko Petroleum Corp., to the Department of Interior’s authority to collect royalty on production from eight deepwater leases issued in 1996, 1997, and 2000 (OGJ Online, Nov. 1, 2007).At issue are oil...
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