OGJ Newsletter

04/19/2010
General Interest — Quick TakesBLM, MMS to review federal royalty regimeThe two US Department of the Interior agencies that handle federal oil and gas leasing will jointly review federal royalty policies, their directors announced. The study conducted by the Bureau of Land Management and the Minerals Management Service will examine other countries' fiscal systems and compare them with those in the US, BLM and MMS said Apr. 12.The study is a response to a 2008 Government Accountability Office report that suggested returns from federal oil and gas leases are lower than what other countries receive, MMS Director S. Elizabeth Birnbaum said. "We need to consider international compari...
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