Home > newsroom > Page
ONRR Suspends Controversial Midnight Royalty Valuation Rule Finalized Under Obama Administration


WASHINGTON, D.C., February 24, 2017 -

The Department of the Interior announced they will postpone the implementation of the Office of Natural Resources Revenue’s (ONRR) “Consolidated Federal Oil & Gas and Federal & Indian Coal Valuation Rule.” Chairman Rob Bishop (R-UT) released the following statement:

The Trump administration made the right decision to suspend this illogical and legally dubious rule. It is already causing uncertainty for future investment and development on federal and tribal lands and increasing electricity rates for rural communities including those in my district. The next step is to do so permanently and avoid Congress having to do it for them.

Background

In December 2015, the Subcommittee on Energy and Mineral Resources held an oversight hearing on ensuring certainty for royalty payments on federal resource production.

The House voted to keep language in H.R. 5538, the “Department of the Interior, Environment and Related Agencies Appropriations Act of 2017,” that prohibited ONRR from enforcing the valuation rule.

Last week, Reps. Scott Tipton (R-CO) and Steve Scalise (R-LA) introduced a resolution of disapproval under the Congressional Review Act that would rescind the onerous rulemaking and prohibit substantially similar rules from being considered.


Contact: Committee Press Office 202-226-9019

Latest News

Trump Administration Slashes Red-Tape Stifling American Energy Development

Today, the Subcommittee on Energy and Mineral Resources held an oversight hearing to examine Department of the Interior (DOI) actions to eliminate regulatory burdens for onshore oil and gas developmen...... Read more

Bishop Statement on Introduction of Senate Companion Onshore Energy Legislation

Today, Sen. John Barrasso (R-WY) introduced the “Opportunities for the Nation and States to Harness Onshore Resources for Energy Act” or “ONSHORE Act.” The bill mirrors Title II of H.R. 4239, the “SEC...... Read more

Committee Passes Bill to Improve Regulatory Efficiency, Environmental Progress

Today, the House Committee on Natural Resources passed H.R. 3133, the “Streamlining Environmental Approvals (SEA) Act of 2017.” Introduced by Rep. Mike Johnson (R-LA), the bill amends the Marine Mamma...... Read more

View All News

Calendar

Legislative Hearing on H.R. 4532
Federal Lands | 1324 Longworth House Office Building
View All Events