WATCHING WASHINGTON TRIMMING THE OCS ROYALTY RATE

With Patrick Crow Little may come of it anytime soon, but Sen. Bennett Johnston (D-La.) has given the U.S. offshore oil industry one of its few encouraging moments of the past couple of years. Johnston, Senate energy committee chairman, introduced a bill last week to reduce the federal royalty on new deepwater Outer Continental Shelf oil and gas production.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home