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royalty sharing

A drilling rig under contract to Shell arrives in Port Angeles, Washington en route to Alaska's Chukchi Sea, where Shell hopes to drill this summer. (Daniella Beccaria/seattlepi.com via AP, File) MAGS OUT; NO SALES; SEATTLE TIMES OUT; TV OUT; MANDATORY CREDIT

Senate bill would give oil companies a decade more to drill in Arctic

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Oil companies could get 10 more years to drill on their Arctic leases, under a provision in a broader offshore drilling bill advancing in the Senate.
From left, Sen. Thom Tillis, R-N.C., Rep. Rob Bishop, R-Utah, Bureau of Ocean Energy Management Director Abigail Hopper and North Carolina Gov. Pat McCrory discuss federal regulations, drilling and seismic studies at the Offshore Technology Conference.

Gov. Pat McCrory at OTC: Drilling dollars essential to sell offshore exploration along East Coast

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For coastal states to support offshore drilling near their shores, they have to glean some of the dollars tied to that activity, North Carolina’s governor told OTC.
(construct/Flickr)

Feds nab $14.2 billion from energy development

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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.
(construct/Flickr)

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

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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.
Image from a video by Sen. Mary Landrieu, D-La., that argues for greater offshore revenue sharing with coastal states.

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

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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.
Chevron's Tahiti production platform floats in more than 4,000 feet of water in the deepwater Gulf of Mexico. (Jay Carr/Houston Chronicle)

Republican bill would limit environmental reviews of offshore drilling

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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.
(AP Photo/Evan Vucci)

Offshore drilling proponents launch new push on Capitol Hill

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The oil and gas industry and their allies in Congress are renewing a campaign to expand drilling along the U.S. coastline.
Texas Governor Rick Perry speaks during the Offshore Energy Development: Improving Federal and State Cooperation session at OTC 2013 at Reliant Park Monday, May 6, 2013, in Houston. ( James Nielsen / Houston Chronicle )

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

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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.
An oil-spill response vessel from a Shell commercial promoting Arctic drilling.

Alaska would cash in on Arctic drilling under new plan

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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.
(Bureau of Safety and Environmental Enforcement)

Oil & gas industry could see revenue sharing win this year

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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.