The US Interior Department is proposing a rewrite of Obama-era rules for calculating royalties for oil, gas and coal leases on public lands, something the oil and gas lobby has been urging the Trump administration to do for months. The Trump administration tried in 2017 to rescind the rules altogether, but a federal district court struck down that effort (OD Apr.4’17). The 2016 rules were aimed at requiring royalty payments to be calculated when a sale is made to an unaffiliated customer, rather than a related company or group, to ensure the rates aren’t calculated based on preferential pricing.
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