Energy Tomorrow Blog

Don't Mess with Success

deepwater drilling  domestic energy  earnings  edward markey  energy policy  Jack Gerard  offshore drilling  technology innovation  windfall profits  deepwater drilling technology  deepwater royalty relief act  offshore drilling in gulf  perdido 

Jane Van Ryan
Posted April 19, 2010

Many people in Washington and New York apparently have short memories. A case-in-point is the Deepwater Royalty Relief Act, which was passed during the Clinton Administration to encourage energy companies to develop oil and natural gas in the deep waters of the Gulf of the Mexico.

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Royalty Relief Works

deepwater royalty relief act  domestic energy  energy policy  energy production  energy tomorrow  energytomorrow  mms  offshore drilling  royalties  royalty payments 

Jane Van Ryan
Posted October 5, 2009

The U.S. Supreme Court today declined to consider an extremely important Fifth Circuit decision on royalty relief. This adds finality to the Fifth Circuit's unanimous decision that Congress, when it passed the Deepwater Royalty Relief Act, provided royalty relief based on volume, not price. 

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