Outer Continental Shelf Shallow Water Deep Gas Royalty Relief Act

Summary

Outer Continental Shelf Shallow Water Deep Gas Royalty Relief Act - Instructs the Secretary of the Interior to suspend royalties under certain leases issued prior to January 1, 2001, for natural gas produced from deep wells on oil and gas lease tracts in certain shallow waters of the Gulf of Mexico. Prescribes the amount of royalty relief for specified suspension volumes of production. Prohibits the Secretary from granting the royalty incentives if the average annual NYMEX natural gas price exceeds for one full calendar year the threshold price of $5 per million Btu, adjusted from the year 2000 for inflation.

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Timeline

1. 2 April 2003

   Introduced

   Referred to the House Committee on Resources.

   Source: IntroReferral

2. 2 April 2003

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 April 2003

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 April 2003

   Referred

   Referred to the Subcommittee on Energy and Mineral Resources.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 April 2003 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 April 2003

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 April 2003

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 April 2003

  Open at official source

Sponsors

• Rep. John, Christopher [D-LA-7] · D · Sponsor
• Rep. Tauzin, W. J. (Billy) [D-LA-3] · R · Cosponsor
• · hsii00 · Standing

Related records

• related to → Energy Policy Act of 2003