Obama Administration announces 21M-acre oil and gas lease sale offshore Texas
Green Car Congress
APRIL 25, 2013
The proposed terms of this sale include conditions to ensure both orderly resource development and protection of the human, marine and coastal environments. The provision for deep gas royalty relief under the Energy Policy Act of 2005 (EPAct) will sunset on May 3, 2013, and, therefore, will not be offered.
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