Alva Review-Courier -

Trump panel wants changes in royalties from public oil, gas

 

September 14, 2018



LAKEWOOD, Colo. (AP) — A Trump administration advisory committee on Thursday recommended a change in the way energy companies calculate how much money they owe taxpayers for pumping natural gas from public lands.

But the U.S. Interior Department's Royalty Policy Committee first had to clear up an apparent misunderstanding over how much leeway the companies would have in determining how much they owed.

Critics said the proposal would have allowed companies virtually a free hand in calculating the royalties they had to pay, but committee members said that was not their intent. Instead, they...



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