Energy Tomorrow Blog

Energy Today – June 11, 2013

fracking  hydraulic fracturing  marcellus  natural gas  royalties  oil 

Mary Schaper
Posted June 11, 2013

Pittsburgh Business Times – Marcellus Royalties Rising

The newspaper reports on a study by the Allegheny Institute for Public Policy showing that royalty income paid to land and mineral rights owners in Marcellus Shale play has skyrocketed in recent years, from an estimated $10.9 million in 2008 to  an estimated $731 million last year.

MSN Money – Meet the State with America’s Strongest Economy

Thanks to the surge in hydraulic fracturing and shale development in North Dakota, the state’s GDP rose 13.4 percent in 2012 over 2011 to lead the U.S.  Per capita personal income also has soared, doubling since 2000.

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Section 1504 Vote Tests Balance Between Jobs, Economy and Regulation

energy policy  domestic energy  access  regulations  royalties  section 1504  taxes 

Mark Green
Posted August 21, 2012

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Forbes: Big Oil = Biggest Taxpayers

taxes  royalties  earnings 

Mark Green
Posted April 18, 2012

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Recalculating the White House

taxes  tax deductions  royalties  profits  pensions  intangible drilling costs  earnings 

Mark Green
Posted March 14, 2012

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The State of Gulf Production

taxes  royalties  permits  offshore drilling  gulf of mexico  domestic energy  deepwater drilling  crude oil 

Mark Green
Posted February 29, 2012

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For Fair Disclosure

taxes  royalties 

Mark Green
Posted February 10, 2012

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The Benefits of Royalty Relief

deepwater drilling  domestic energy  energy policy  offshore drilling  royalties  technology innovation 

Jane Van Ryan
Posted April 21, 2010

Two new studies commissioned by API illustrate the benefits of the 1995 Deep Water Royalty Relief Act. As we explained on Monday, the act purposefully created financial incentives for drilling in the deep waters of the Gulf of Mexico, and it led to new technologies and huge investments in the production of domestic oil and natural gas.

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$1 Million per Day Investment

domestic energy  efficiency  royalties  technology innovation  royalty payments 

Jane Van Ryan
Posted April 13, 2010

The U.S. Interior Department yesterday announced that it will launch a nine-month study into royalty payments in other countries to determine whether U.S. royalty rates should be changed.

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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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Terminating Royalty-in-Kind

energy  energy policy  revenue  royalties  royalty-in-kind 

Mark Green
Posted September 16, 2009

Today, U.S. Interior Secretary Ken Salazar announced that he would terminate the Royalty-in-Kind (RIK) program, which collected $6.6 billion in oil and gas deliveries in fiscal 2008, and is one of the government's largest sources of non-tax revenue. The program is an effective means of ensuring that the American people receive fair compensation for development of federal resources.

Terminating this straight-forward method of handling royalty payments runs the risk of raising administrative costs and adding additional layers of paperwork required to determine the value of oil and gas production. The Minerals Management Service itself noted administrative efficiencies brought on by the program, and pointed out that another benefit of RIK is the reduction in costly lawsuits tied to product valuation.

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