January 29, 2014
Natural-gas rigs like this one are virtual cash registers for the companies that operate them. In 1982, in a landmark effort to keep people from being fleeced by the oil industry, the federal government passed a law establishing that royalty payments to landowners would be no less than 12.5 percent of the oil and gas sales from their leases.
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Unfair Share: How Oil and Gas Drillers Avoid Paying Royalties
In 1982, in a landmark effort to keep people from being fleeced by the oil industry, the federal government passed a law establishing that royalty payments to landowners would be ...
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