H.R. 1570 · 108th Congress
Outer Continental Shelf Shallow Water Deep Gas Royalty Relief Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
JohnSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Outer Continental Shelf Shallow Water Deep Gas Royalty Relief Act - Instructs the Secretary of the Interior to suspend royalties under certain leases issued prior to January 1, 2001, for natural gas produced from deep wells on oil and gas lease tracts in certain shallow waters of the Gulf of Mexico.
What it does: CRS summary · Introduced in House · Apr 2, 2003
Outer Continental Shelf Shallow Water Deep Gas Royalty Relief Act - Instructs the Secretary of the Interior to suspend royalties under certain leases issued prior to January 1, 2001, for natural gas produced from deep wells on oil and gas lease tracts in certain shallow waters of the Gulf of Mexico.
Prescribes the amount of royalty relief for specified suspension volumes of production.
Prohibits the Secretary from granting the royalty incentives if the average annual NYMEX natural gas price exceeds for one full calendar year the threshold price of $5 per million Btu, adjusted from the year 2000 for inflation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Outer Continental Shelf Shallow Water Deep Gas Royalty Relief Act
Latest action (Apr 10, 2003): Referred to the Subcommittee on Energy and Mineral Resources.
Policy area: Energy · Origin: House · Introduced: Apr 2, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.