MMS Proposes Royalty Relief Amendments
The Energy Law
JUNE 4, 2007
The proposed rule extends deep gas royalty relief to GOM leases in 400 meters of water (up from the current limit of 200 meters), and would increase the royalty suspension volume to 35 Bcf for qualifying ultra-deep wells at least 20,000 feet total vertical depth subsea in less than 400 meters of water. MMBtu expressed in 2006 dollars.
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