Number: RS22567
Title: Royalty Relief for U.S. Deepwater Oil and Gas Leases
Authors: Marc Humphries, Resources, Science, and Industry Division 
Abstract: On September 16, 2008, the House passed H.R. 6899. Under Title I, this bill would, among other things, deny new Gulf of Mexico oil and gas leases to lessees holding leases without price thresholds or payment of or agreement to pay the proposed "conservation of resources" fees. An earlier bill (H.R. 6) with similar language passed the House in January 2007 by a vote of 264-123. However, on December 6, 2007, the House approved the Senate-passed version of energy policy legislation (H.R. 6) without the royalty relief provisions discussed above. The royalty relief provisions were not enacted into law.
Pages: 6
Date: October 18, 2008