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MMS Proposes Royalty Relief Amendments

The Energy Law

Hunter MMS has announced proposed amendments to its deep gas royalty relief regulations under the Energy Policy Act of 2005. MMS will accept comments on the proposed rule through July 17, 2007. MMBtu expressed in 2006 dollars. Click here to read the Notice.

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Federal Court Upholds Mandatory Deep Water Royalty Relief

The Energy Law

The court ruled that Interior’s price threshold clauses unlawfully deprived Kerr-McGee of the statutory right to produce minimum volumes of oil and gas royalty-free, as mandated by Congress in the Outer Continental Shelf Deep Water Royalty Relief Act of 1995. CLICK here to view the decision

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