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royalties

Coastal states launch new bid for offshore drilling dollars

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Senators from Texas, Alaska and other coastal states have launched a fresh campaign to siphon off more of the revenue that flows to the federal government from offshore drilling.
(AP Photo/Pablo Martinez Monsivais)

Obama moves forward on new oil and gas rules for public lands

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The Bureau of Land Management’s announcement that it would be proposing changes — and inviting public comment on the scope of them — marks the first major effort in decades to update onshore royalty rates that are among the lowest in the world.
(Photo by Andrew Burton/Getty Images)

Texas producers paid record amont of state and local taxes last year

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The figures come at a time when the energy sector is dramatically slowing its activity in Texas amid falling oil prices, prompting some concern about whether public entities that have grown accustomed to oil money could feel the pinch as production slows.
(AP Photo/Mandel Ngan, Pool)

Obama budget would slash oil tax breaks while boosting renewables

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In his $4 trillion budget request to Congress, Obama also says he wants to change the way money from offshore oil and gas production is shared with Gulf Coast states, by diverting more of those dollars to national programs with “broad” natural resource and conservation benefits.
(Eddie Seal/Bloomberg)

Timeline slips for some oil and gas regulations

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Here’s an overview of what’s coming and when in Obama administration rules for the oil and gas industry.
(Daniel Acker/Bloomberg)

Poll: Public wants action on flaring

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The oil industry’s practice of burning or releasing natural gas from wells where crude is the big moneymaker is unpopular in several western states, according to a poll released
Thursday.
(StockMonkeys.com)

West Virginia opens bids on drilling under Ohio River

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Noble Energy, Gastar Exploration and Statoil submitted bids with 20 percent royalty rates. State officials plan to pick winners in the next week or two.
Money Roll

Report: Oil exports and higher royalties should go together

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The Obama administration would shortchange taxpayers if it heeds the oil industry’s calls to lift a 39-year-ban on exporting U.S. crude without first hiking the royalty rate companies pay the government for drilling on federal lands, according to a new report.
(construct/Flickr)

Report: Taxpayers not getting fair return from drilling

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American taxpayers may not be getting the payout they deserve from oil and gas harvested on public lands, government investigators said Tuesday. The U.S. now charges among the lowest royalty and lease rates in the world for onshore oil and gas activity.
A crew works on a gas drilling rig at a well site for shale based natural gas in Zelienople, Pa. (AP Photo/Keith Srakocic)

Drilling under Pennsylvania park could reap millions

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The county that includes Pittsburgh could reap more than $73 million by leasing a public park for gas well drilling, a newspaper reported Sunday.