Letter to Representative Scott Tipton Supporting Use of the Congressional Review Act to Overturn the Interior Department Office of Natural Resources Revenue’s Royalty Valuation Rule

Letter to Representative Scott Tipton Supporting Use of the Congressional Review Act to Overturn the Interior Department Office of Natural Resources Revenue’s Royalty Valuation Rule

Dear Congressman Tipton: The Independent Petroleum Association of America (IPAA) strongly supports your efforts to use the Congressional Review Act (CRA) to vacate the Department of the Interior Office of Natural Resource Revenue’s (ONRR) royalty valuation rule (81 FR 43338-01 July 1, 2016). The ONRR rule imposes significant compliance costs on independent producers and is designed to make operating on federal and tribal lands overly complex and costly. This rule will hamper the ability of independent producers operating both onshore and offshore and will ultimately reduce the amount of oil and natural gas produced on America’s federal lands.

Share With Friends
Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someone
Continue Reading
Share With Friends
Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someone