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Tag Archives: Royalties

Government worried about oil companies making a buck. Gives them $18 billion

PortandTerminal.com, October 24, 2019 Energy companies continue to harvest oil and gas royalty-free from dozens of affected tracts in the Gulf, long after lawmakers realized sloppy legislative writing prevented the government from making the price breaks temporary. By Jennifer A. Dlouhy (Bloomberg) –The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico …

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