MMS issues final rule for valuing oil from federal landsAgency estimates $67.3 million in additional revenues from royalties under new rule; $63.5 from oil companies, rest from administrative savings Petroleum News Alaska
The U.S. Department of the Interior’s Minerals Management Service said March 14 that it would publish the final rule for valuing crude oil produced on federal lands in the March 15 Federal Register.
MMS is the federal agency that manages the Nation’s natural gas, oil and other mineral resources on....
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