Government moves to raise oil royaltiesInterior Department will suspend discounted royalties for 19 companies producing heavy oil beginning in November John Heilprin Associated Press Writer
With oil prices rising, the Interior Department wants more royalties on energy production.
The department’s Bureau of Land Management gave notice April 27 that it plans to suspend its policy of offering discounted royalties for producers of heavy crude oil, starting in November. There are 19 such c....
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