Regs extend royalty relief to Alaska
Energy Policy Act final rule by Minerals Management Service for ultra-deep, deep Gulf of Mexico gas wells includes offshore Alaska
A final rule amending royalty relief for ultra-deep and deep gas wells in the Gulf of Mexico also extends natural gas royalty relief provisions to leases offshore Alaska.
The provision for Alaska in the final rule “applies discretionary royalty relief procedures that have been used by deepwater lea....
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Price threshold flexibility
No relief in older leases
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