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DOI To Study US Royalty Revenue On Oil, Gas Leases

Law360 (April 13, 2010, 3:12 PM EDT) -- The U.S. Department of the Interior has announced it will conduct a study on whether public lands are receiving fair royalties from federal oil and gas leases, following a report that suggested other resource owners worldwide were getting a greater return.

The DOI plans to compare the U.S.' oil and gas fiscal system to those used in other countries, it said Monday. The study will consider federally owned offshore and onshore resources.

Companies currently pay a royalty rate between 12.5 percent to 18.75 percent, but Interior...
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