The previous rate of 12.5% paid by oil and gas companies for federal drilling rights had remained unchanged for a century, now it's 16.67%.
New Federal Rule Says Industry Must Pay More to Drill on Federal Land
New Federal Rule Says Industry Must Pay More…
New Federal Rule Says Industry Must Pay More to Drill on Federal Land
The previous rate of 12.5% paid by oil and gas companies for federal drilling rights had remained unchanged for a century, now it's 16.67%.