Outer Continental Shelf Deep Water Royalty Relief Act

Summary

Outer Continental Shelf Deep Water Royalty Relief Act - Amends the Outer Continental Shelf Lands Act to authorize the Secretary of the Interior, in order to promote development and new production on a producing or nonproducing lease or to encourage production of marginal or uneconomic resources on such a lease, to reduce or suspend any royalty or net profit share set forth in the lease. Provides that no royalty payment shall be due on new production from any lease located in water depths of 200 meters or greater in the Western and Central Planning Areas of the Gulf of Mexico until the capital costs directly related to such production have been recovered by the lessee out of the proceeds from production.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 11 April 1994

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• Reported to Senate (PDF)

  Reported to Senate · EN · 11 April 1994

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• Reported to Senate with amendment(s)

  summary · EN · 11 April 1994

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• Introduced in Senate (text)

  Introduced in Senate · EN · 4 February 1993

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 February 1993

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• Introduced in Senate

  summary · EN · 4 February 1993

  Open at official source

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