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Vol. 13, No. 30 Week of July 27, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


Interior proposes lower shale royalties

Draft rules recommend rates as low as 5% as incentive for oil shale development on federal lands in Colorado, Utah, Wyoming

By DINA CAPPIELLO

Associated Press Writer

The Bush administration has proposed charging energy companies wanting to squeeze oil out of vast shale deposits in the West lower royalties than they pay for drilling on other federal lands, including offshore in the Gulf of Mexico and Alaska. In draft rules issued July 22, the Interior Department....

    [additional news subjects in this story]

Congress blocked rules

Interior offers alternatives


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