Royalty Relief for U.S. Deepwater Oil and Gas Leases
Description:
The most common incentives for offshore oil and gas development include various forms of royalty relief. The Outer Continental Shelf Lands Act (OCSLA) authorizes the Secretary of the Interior to grant royalty relief to promote increased oil and gas production. The Deep Water Royalty Relief Act of 1995 (DWRRA) expanded the Secretary's royalty relief authority in the Gulf of Mexico outer continental shelf (OCS). This report outlines the ongoing controversy over royalty relief, related legislation…
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Date:
September 18, 2008
Creator:
Humphries, Marc
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department