Tag: revenue sharing

Rick Perry to Obama: Give coastal states more access & dollars

Texas Gov. Rick Perry and five fellow Republicans from other coastal states on Monday implored the Obama administration to open new areas for offshore drilling, saying the change would give a jolt to the U.S. economy by spurring jobs and spending.  More »
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Bill would force feds to sell drilling leases off Virginia coast

The Obama administration would be forced to sell offshore drilling leases off the coast of Virginia under a bill introduced in the House on Friday.  More »

Alaska would cash in on Arctic drilling under new plan

New Senate legislation would allow Alaska to collect 37.5 percent of federal dollars tied to oil and gas drilling in Arctic waters near the state, the same share that Gulf Coast states are counting on beginning in 2017.  More »

Lawmakers seek broader support for revenue sharing plan

A Louisiana Democrat and Alaska Republican are looking to use the lure of guaranteed federal funding for state restoration programs as a way to draw support for a new plan to give coastal states a share of offshore drilling revenue.  More »

Oil & gas industry could see revenue sharing win this year

The oil industry’s top ambassador in Washington predicted Congress could move swiftly to give coastal states more revenue collected for energy development near their shores.  More »

Bids to boost offshore royalty sharing could move next year

A change in the leadership of the Senate Energy and Natural Resources Committee could give coastal states their best chance in years of winning a greater share of federal revenues for energy produced near their shores. Sen. Lisa Murkowski, R-Alaska, could advance a new plan next year.  More »

Revenue-sharing controversy sinks bill to boost offshore drilling safety

Legislation that would boost offshore drilling safety was thrown into limbo today, after senators clashed over a plan to give coastal states a greater share of federal revenues for energy produced near their beaches.  More »

Offshore drilling bill stalled over royalty sharing plan

A controversial plan to give states a greater share of federal revenues for offshore drilling near their coasts has snagged oil and gas legislation in the Senate. Supporters of the revenue-sharing plan for coastal states are closer than ever to advancing the initiative, over the objection of key Senate Democrats.  More »