Royalty Relief for U.S. Deepwater Oil and Gas Leases

Humphries, Marc

Library of Congress. Congressional Research Service.

关键词: Energy;    Oil and gas leases;    Marine resources;    Petroleum in submerged lands;    Oil and gas royalties;   

RP-ID  :  RS22567
RP-ID  :  RS22567_2008Sep18

美国|英语

来源: UNT Digital Library

【 摘 要 】

The most common incentives for offshore oil and gas development include various forms of royalty relief. The Outer Continental Shelf Lands Act (OCSLA) authorizes the Secretary of the Interior to grant royalty relief to promote increased oil and gas production. The Deep Water Royalty Relief Act of 1995 (DWRRA) expanded the Secretary's royalty relief authority in the Gulf of Mexico outer continental shelf (OCS). This report outlines the ongoing controversy over royalty relief, related legislation, and related court rulings.