GAO: Raising rates could hurt productionBut federal revenue from production of oil, natural gas, coal on federal lands could increase if royalty rates go up, report says Kristen Nelson Petroleum News
The United States Government Accountability Office released a report in June evaluating the impact of increasing federal royalty rates on onshore oil, gas and coal production.
For fiscal year 2016, GAO said, federal revenues were some $2.5 billion from production on federal lands onshore of oil, ga....
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No change in decades Royalty increase impact Other factors Increased revenue
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