Tag: royalty sharing

Feds nab $14.2 billion from energy development

The federal government collected a near-record haul in fees and royalty payments from oil and gas drilling on public lands and U.S. waters during the last fiscal year, the Interior Department announced Tuesday. All told, the federal government collected $14.2 billion from the activity; Texas’ share was $17 million.  More »

Report: Royalty revenue sharing plan would cost taxpayers $49 billion

A congressional proposal to give coastal states a greater share of government royalties tied to oil and gas drilling would increase the federal debt by more than $49 billion over the next three decades, according to new analysis set to be released Friday.  More »

Senator: Coastal states getting raw deal with federal drilling dollars (video)

Sen. Mary Landrieu isn’t picking a fight with Wyoming, and she says she has nothing against the Great Plains state. But the Democratic senator from Louisiana insists Wyoming is exhibit A in an argument that coastal states are getting a raw deal when it comes to collecting federal dollars tied to energy development.  More »

Republican bill would limit environmental reviews of offshore drilling

The federal government would be forced to make decisions on offshore drilling before fully scrutinizing how the work would affect coral and other ocean life under legislation advancing in the House, conservationists and a marine biologist warned Congress on Tuesday.  More »

Offshore drilling proponents launch new push on Capitol Hill

The oil and gas industry and their allies in Congress are renewing a campaign to expand drilling along the U.S. coastline.  More »

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 »

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 »

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 »