Bill proposes higher royalty rates for oil, gas production

News Briefs
oil drilling generic_1548858323563.jpg.jpg

A bill just introduced in the state House would allow higher royalty rates for oil and gas production on state trust land.

The bill would raise the state’s royalty cap to 25 percent to match Texas. The royalties would help bolster funds for things like public education reforms.

The bill would also force energy companies to pay royalties on gas released in an effort to cut down on emissions.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Video

Now Trending on KRQE.com

Video Forecast

Grant's Monday Evening Forecast

Thumbnail for the video titled "Grant's Monday Evening Forecast"
More Weather Video Forecast

Don't Miss

More Don't Miss