Impact of the Kerr-McGee Oil & Gas Corp. v. Allred Ruling on the Proposed Royalty Relief for American Consumers Act of 2007.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

District courts.

Price regulation.

Kings and rulers.

Physical Description:

1 online resource (5 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2007.

System Details:

text file

Summary:

Discusses U.S. District Court for the Western District of Louisiana ruling in Kerr-McGee Oil & Gas Corp. v. Allred that rebuffed Department of Interior efforts to collect royalties from offshore oil and gas production leases based on so-called "price thresholds" for previously granted royalty relief. Provides background on Outer Continental Shelf Deep Water Royalty Relief Act, and considers impact of Kerr-McGee Oil & Gas Corp. v. Allred on proposed Royalty Relief for American Consumers Act of 2007 to ban Department of Interior from issuing new leases to holders of "covered leases" unless they renegotiate their "covered leases" to include price thresholds or pay a "conservation of resources" fee.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Impact of the Kerr-McGee Oil & Gas Corp. v. Allred Ruling on the Proposed Royalty Relief for American Consumers Act of 2007

Access Restriction:

Restricted for use by site license.