Federal Royalty Certainty Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (Apr 29, 1999)
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.
What just happenedMay 18, 1999
Subcommittee on Energy Research, Development, Production and Regulation. Hearings held. With printed Hearing: S.Hrg. 106-192.
Who’s behind it
- Introduced in SenateApr 29, 1999
- May 18, 1999Committee
Subcommittee on Energy Research, Development, Production and Regulation. Hearings held. With printed Hearing: S.Hrg. 106-192.
Energy Subcommittee - Apr 29, 1999IntroReferral
Read twice and referred to the Committee on Energy and Natural Resources.
Energy and Natural Resources Committee - Apr 29, 1999IntroReferralB00100
Sponsor introductory remarks on measure. (CR S4456-4458)
- Apr 29, 1999IntroReferral10000
Introduced in Senate