OGJ Newsletter

08/18/2014
GENERAL INTEREST — Quick Takes House Dems call for higher onshore royalty rates Rep. Alan Lowenthal (D-Calif.) urged the US Department of the Interior to raise the 12.5% royalty rate oil and gas producers pay for production from onshore federal lands. "Appropriate rental and royalty rates for onshore oil and gas leases help ensure that states, the US Treasury, and all American taxpayers receive their fair share from the nation's oil and gas boom," he said in an Aug. 7 letter to Janice Schneider, assistant Interior secretary for land and minerals management, which 42 other House Democrats signed. The current federal royalty rate, which has not been changed in nearly a century, ...
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