Stay Connected

Salazar to end federal oil and gas RIK program

09/28/2009
By Nick Snow
US Interior Sec. Ken Salazar beat a US House committee to the punch and announced plans to eliminate the US Minerals Management Service's royalty-in-kind (RIK) program on Sept. 16.His announcement came during his opening statement to the House Natural Resources Committee in the first day of hearings on a sweeping federal minerals reform bill that its chairman, Nick J. Rahall (D-W.Va.), introduced on Sept 8. The measure includes a provision ending the RIK program."The royalty-in-kind program has been a blemish, in my view, on this department. It is time for us to end it," said Salazar. "It was set up at a time when people felt the department could make more money from sellin...
read-story

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.