House panel advances plan to hike oil drilling fees ...Middle East

Roll Call - News
House panel advances plan to hike oil drilling fees
source : Roll Call ( Middle East ) () 11
A House panel voted a bill out of committee Wednesday that would raise the royalty fees oil and gas companies pay to operate on federal land. Petroleum and natural gas companies pay a 12.5 percent fee to the treasury on their revenue from onshore leases. That rate has not changed since it became law in […] The post House panel advances plan to hike oil drilling fees appeared first on Roll Call.

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