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Biden administration signals increase in federal oil and gas drilling royalty rate

Royalty rates have not been raised in 100 years

Jason Fordney by Jason Fordney
December 1, 2021
in News
Reading Time: 2 mins read
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The Biden administration is recommending reforms to the federal government’s oil and gas leasing program, including higher royalty rates for oil and gas drilling on federal land, and more public involvement in leasing processes. The report comes as the administration announced a release of 50 million barrels of oil from the Department of Energy’s Strategic […]

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