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United States · Bill · HR

H.R. 5770 (97th)

A bill to modify the royalty rates applicable to onshore and offshore oil and gas leases.

referredUnited States· United States Congress· EN

Introduced

9 March 1982

Last action

—

Status

Referred to Subcommittee on Mines and Mining.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Requires the minimum royalty rates, for both offshore and onshore oil and gas leases, to be 16 2/3 percent of the amount or value of the production saved, removed, or sold, unless there is an alternative minimum rate in effect. Directs the Secretary of the Interior to: (1) establish the alternative rate; and (2) report to Congress.

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Documents

1 official file

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