Home > newsroom > Page
New Royalty Valuation Methods Attack Responsible Energy Production on Federal and Tribal Lands


WASHINGTON, D.C., June 30, 2016 -

Today, the U.S. Department of the Interior Office of Natural Resources Revenue (ONRR) released a final regulation on valuating royalties from oil, natural gas and coal produced on federal and tribal lands. Chairman Rob Bishop (R-UT) issued the following statement:

“Don't be fooled. This rule is not about 'protecting taxpayers'. It’s a costly attack on energy development. It trades market certainty for the Administration’s political agenda. These changes will decrease revenues for state and local governments that use royalties to support education. This decision is purely to shut down energy production on federal and tribal lands and increase the cost of energy for Americans.”


Contact: Committee Press Office 202-226-9019

Latest News

Westerman Slams Biden for Killing Offshore Leases, Increasing Gas Prices

Last night, the U.S. Department of the Interior announced it will no longer hold court-ordered offshore oil and gas lease sales in the Gulf of Mexico and Alaska. House Committee on Natural Resources R...... Read more

Committee Republicans Seek Answers on 30x30 Slush Fund

Washington - Today, House Committee on Natural Resources Ranking Member Bruce Westerman (R-Ark.) led a letter to Council on Environmental Quality (CEQ) Chair Brenda Mallory, requesting further inform...... Read more

Western Drought Impacts Every American

Today, House Committee on Natural Resources Ranking Member Bruce Westerman (R-Ark.) led a Republican forum titled "How Western Drought Affects Every American." "It's clear that the severe drought has...... Read more

View All News

Calendar

No upcoming scheduled events

View All Events