← U.S. Wealth Inequality & the OBBBA
The OBBBA reduces restrictions on onshore oil and gas development on federal lands by decreasing minimum royalty rates and reinstating noncompetitive leasing.
multiple outlets, traced to a single source · Reported fact · first recorded Jul 9, 6:30 PM
Although several outlets carry this claim, their reporting traces back to a single shared source — so it counts as one confirmation, not several.
How each outlet reported it
Congressional Research ServiceOfficial record · Jul 9, 6:15 PM
The bill reduces restrictions on onshore oil and gas development on federal lands by decreasing minimum royalty rates and reinstating noncompetitive leasing.
Details: onshore; minimum royalty rates; noncompetitive leasing; Sec. 50101