United States · Bill · S
S. 924 (106th)
Federal Royalty Certainty Act
Introduced
29 April 1999
Last action
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Status
Subcommittee on Energy Research, Development, Production and Regulation. Hearings held. With printed Hearing: S.Hrg. 106-192.
Sponsors
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Subjects
Discovery layer
Source updated
24 March 2026
Summary
Federal Royalty Certainty Act - Amends the Outer Continental Shelf Lands Act and the Mineral Leasing Act regarding oil and gas leases to provide that royalty payments due: (1) in value shall be based upon the value of oil or gas production at the lease in marketable condition; and (2) in amount shall be based upon the royalty share of production at the lease. Provides that if payments in value or amount are calculated from a point away from the lease the lessee shall be allowed reimbursements at a reasonable commercial rate for certain services beyond the lease through the point of disposition or delivery.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 29 April 1999
Introduced in Senate (PDF)
Introduced in Senate · EN · 29 April 1999
Introduced in Senate
summary · EN · 29 April 1999
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/106th-congress/senate-bill/924
- Open data entity: https://api.congress.gov/v3/bill/106/s/924