Provision in House Bill: Drilling Permitted on a Rig-by-Rig Basis

Moving on to the Senate ...

http://hosted.ap.org/dynamic/stories/U/US_GULF_OIL_SPILL_CONGRESS?S...

"The House bill includes a provision sponsored by Rep. Charlie Melancon, D-La., that would modify a six-month moratorium on deepwater drilling, so that some drilling permits could be approved on a rig-by-rig basis if the Interior Department determines a rig meets new safety requirements. The drilling moratorium imposed by Interior Secretary Ken Salazar would remain in effect, and Salazar would retain power over whether to approve a permit."

Also included ...

"And it would create new 'conservation' fees on oil and natural gas extracted from land or water controlled by the federal government."

Would this make it more attactive for onshore operators to drill state minerals and individual mineral owners?

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Permalink Reply by jffree1 on July 31, 2010 at 4:23
Permalink Reply by P.G. on July 31, 2010 at 4:51
Would this make it more attactive for operators to drill state minerals and individual mineral owners?



Ensuring Safety in State Waters. Under section 205 of H.R. 3534, states have the responsibility to enforce the federal safety requirements or comparable state provisions for high-risk wells drilled in near- shore waters. If the state lacks an adequate regulatory regime, the Department of the Interior can enforce the federal requirements.

Looks like the rules would apply to all drilling doesn't it...
The states will be required to at least meet the federal standards or the feds will do it for them, right?
Permalink Reply by sesport on July 31, 2010 at 8:01
Sorry, I've edited the topic to clarify that what I am thinking about is onshore drilling.

Also, Kevin McCotter was featured in an interview this morning, I'm looking for it to include here. He seems optimistic about nat gas going forward, as now does one of the "big go-rillas" looking to send some gas down a pipeline.

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Permalink Reply by sesport on July 31, 2010 at 14:34
Yep!

http://www.gop.gov/bill/111/2/hr3534amendments

8.) Reps. Melancon (D-LA) and Childers (D-MS): Would impose certain limits on the federal moratorium on deepwater drilling. The moratorium would not apply to applications for permits to drill if the applicant has met safety requirements set forth in the National Notice to Leases dated June 8, 2010, and June 18, 2010. The Secretary of Interior would have to make a decision on whether an applicant has complied within 30 days.

Still wondering about whether O&G might find it more attractive to skip federal leases onshore, not sure what the difference would be $$$ wise.

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