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Providing for adjustments of royalty payments under certain Federal onshore and Indian oil and gas leases, and for other purposes. House of Representatives, One Hundredth Congress, First Session, October 15, 1987

Book ·
OSTI ID:5754396
The House report on H.R. 3479 adjusting royalty payments on oil and gas leases recommends passage with certain amendments. The recommended title for the Act is The Notice to Lessees No. 5 (NTL-5) Gas Royalty Act of 1987. The Act addresses problems involving some onshore and Indian leases, and redefines the procedures for determining the value of the lease. The report summarizes the purpose and need for the legislation, analyzes it by section, and concludes with communications between the committee and the Interior Department. A minority view argues in favor of placing the highest possible value on leases in order to be fair to taxpayers.
OSTI ID:
5754396
Country of Publication:
United States
Language:
English

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Related Subjects

03 NATURAL GAS
031000* -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003 -- Energy Planning & Policy-- Natural Gas
EVALUATION
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INCOME
INDIAN RESERVATIONS
LAND LEASING
LEASES
LEASING
LEGISLATION
LEGISLATIVE TEXT
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PRICES
RESOURCES
ROYALTIES