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DOI Moves To Ditch Obama-Era Mineral Royalty Rule

Law360, New York (April 3, 2017, 7:22 PM EDT) -- The U.S. Department of the Interior on Monday said that it will scrap the Obama administration's update of how lease royalties for minerals on federal and Native American lands are calculated, taking another step to fulfill President Donald Trump's pledge to boost fossil fuel production on federal lands.

The Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform rule, unveiled by the DOI's Office of Natural Resource Revenue in June and in effect since the start of 2017, updated decades-old valuation rules by...
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