Administration moves closer to offshore drilling decisions.Click here to read the brief
The Interior Department on Friday took a first step toward reforming its royalty policies for onshore oil and gas development on public lands, a move that public land advocates said would help ensure a “fair share” is paid to taxpayers - and opponents decried as a federal effort to “take as much as you can” from energy companies.
In issuing an Advance Notice of Proposed Rulemaking, the Bureau of Land Management solicited comment on proposals that include giving the agency flexibility to adjust onshore royalty rates and fees to address market changes.
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