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

Humphries, Marc

Library of Congress. Congressional Research Service.

关键词: Oil fields;    Oil well drilling;    Petroleum reserves;    Oil and gas leases;    Petroleum law and legislation;   

RP-ID  :  RS22567
RP-ID  :  RS22567_2009Feb04

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report discusses the Gulf of Mexico outer continental shelf (OCS) leasing system including recovery relief and deepwater development as well as Congressional concerns and legislative actions.Various forms of royalty relief are the most common incentives for offshore oil and gas development. The Outer Continental Shelf Lands Act (OCSLA) authorizes the Secretary of the Interior to grant royalty relief to promote increased oil and gas production (43 U.S.C. 1337).