E&E News: What the megalaw’s royalty rate cuts mean for oil and gas producers

What the megalaw’s royalty rate cuts mean for oil and gas producers - Taxpayers for Common Sense

But critics see little evidence for that. Taxpayers for Common Sense, a budget watchdog group, said that the royalty rate cuts coupled with other rollbacks — reinstating provisions that allow developers to secure noncompetitive leases for minimal sums, and the elimination of a fee to nominate land for auction — will undo the 2022 law’s efforts to modernize leasing programs. The group pointed to estimates that the changes will cut billions of dol…

E&E News: What the megalaw’s royalty rate cuts mean for oil and gas producers

Oil and gas companies will pay smaller percentages of their revenue from production on federal land under a structure set by Republicans this month.