TITLE

Senate, House Must Reconcile OCS Leasing Bills

PUB. DATE
October 2006
SOURCE
American Gas;Oct2006, Vol. 88 Issue 8, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the progress of the outer continental shelf (OCS) drilling bills being deliberated by the U.S. House and Senate. The Senate approved a bill that opens federal lease sale area 181 in the eastern part of the Gulf of Mexico and the area to its south for oil and natural gas developments. This allows Louisiana, Alabama and Texas to get 37.5 percent of royalty fee from energy production in area 181. Another bill, 232-187, removes the OCS leasing bans in the country beyond 100 miles offshore and permits leasing from 50 to 100 miles offshore. It provides revenue sharing for states adjacent to federal leasing areas. It is expected that the House-Senate conference on the bills will be difficult.
ACCESSION #
22680284

 

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