Potential effects of changes in federal coal royalty rates



Publisher: Energy Information Administration, U.S. Dept. of Energy in Washington, DC

Written in English
Published: Pages: 18 Downloads: 427
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Subjects:

  • Coal leases -- United States.,
  • Public lands -- United States.

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  Zinke's committee will instead get recommendations on adjusting royalty rates for coal, as well as oil and gas, from a panel of up to 28 members. Members will include Interior Department officials, representatives of western states and Indian tribes that produce energy, energy stakeholders and academic groups who will serve three-year : By Valerie Volcovici.   ONRR’s Federal Oil & Gas and Federal & Indian Coal Valuation Reform: A Call for Comments, Industry Here’s Your Shot. Ap By Robin E. James. As noted in a previous update, 1 on January 6, the U.S. Department of the Interior’s Office of Natural Resource Revenue (ONRR) announced a proposed rulemaking amending its regulations governing valuation, for royalty purposes, . At a public meeting in coal country when this process was just beginning, miners expressed anger and fear that feds would raise royalty rates and deal a deadly blow to the sector. ST. LOUIS, Ap /PRNewswire/ -- Arch Coal, Inc. (NYSE: ARCH) today reported a net loss of $ million, or $ per diluted share, in the first quarter of , compared with net.

Coal worker health and benefits legislation for retirees primarily takes the form of two statutes, the Coal Industry Retiree Health Benefit Act, 26 U.S.C. § et seq. (the Coal Act) and the Black Lung Benefits Act, 30 U.S.C. § et. seq. (the Black Lung Act). The Coal Act was established in to address the.   Raising federal royalty rates for coal, gas and oil could decrease production, increase federal revenue, according to GAO Published on J by Daily Energy Insider Reports A report released this week by the U.S. Government Accountability Office (GAO) found that raising.   Coal Royalties Leave $1 Billion on the Table A new report urges the Interior Department to make sure coal companies pay their 'fair share' when mining on federal lands.   Interior Secretary Ryan Zinke today ordered that coal leasing be restarted in the United States but announced that his agency will continue reviewing whether federal royalty rates need to .

©— Bioethics Research Library Box Washington DC Revision of royalty rates on Coal and Lignite. Language Undefined View Click to Open: Upload File Date: Friday, Select Category: Miscellaneous. Node Expiry Date: Monday, December 2, Last updated on Mon, More Tender Link. Gerarden et al. () – models raising royalty rates • What if we raise royalty rates to incorporate the mean social cost of carbon? – Effectively the same as “keeping in the ground” – Considerable leakage to non‐federal coal • What if we raised royalty rates to provide a . An Assessment of Development and Production Potential of Federal Coal Leases Figure –Coal Production Regions in the United States: Nov. 9, I Region m Note: The boldface print indicates regions or subregions that have been officially designated as Federal Coal ProductIon Regions.

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Get this from a library. Potential effects of changes in federal coal royalty rates. [United States. Energy Information Administration.;]. The Obama Administration currently is considering possible changes to the federal coal royalty valuation policy.

This report analyzes how revenues from federal coal are obtained, reviews problems with the current system, estimates current effective royalty rates, and offers several reform options. Today, coal extracted from federal land is an important source of energy and revenue in the.

royalties. Federal royalty rates sometimes differ from the rates states charge for production on state lands. For example, state oil and gas rates tend to be higher than federal royalty rates and state coal rates are generally the same as federal rates in the six states representing more than 90 percent of federal oil, gas, and coalFile Size: 1MB.

Current Royalty Structure, Effective Royalty Rates, and Reform Options Headwaters Economics | January Introduction This is an executive summary of a larger report that analyzes how revenues from federal coal are obtained, reviews problems with the current system, estimates current effective royalty rates, and offers several reform.

The federal government collected $ billion in revenue from onshore oil, gas, and coal production on federal lands in fiscal yearincluding about $2 billion from royalties.

While the federal royalty rates for coal production are generally the same or higher than state rates, federal rates for oil and gas production are generally lower than state rates. This is the official website of Coal Ministry, Government of India.

You can find information related Tenders, Notices, latest updates pertaining to Ministry of Coal, Government of India. Notification regarding revision of rates of royalty on coal and lignite | Ministry of Coal, Government of India. To maximize taxpayer returns from coal leasing, CEA estimates that future royalty rates for new coal leases would have to go up to about percent, compared to.

For coal mined by underground mining methods, the royalty rate has been established by regulation at 8 percent of the gross value of coal produced. All royalty collections are managed by MMS. Royalty receipts are shared equally with the state from which the mineral was extracted.

A Federal coal lease has an initial term of 20 years. decreases in Federal coal production, but considerable increases in government revenue. These findings highlight the potential of royalty reform to provide a fair return to taxpayers while simultaneously reducing the environmental effects of coal extraction and combustion.

Finally, it. Under the criteria in Executive Orderwe have evaluated this proposed rule and determined that it would have no potential effects on federally recognized Indian tribes. This proposed rule has two major portions: (1) Valuation of Federal coal for advance royalty purposes, and (2) information collection applicable to all solid minerals leases.

including a carbon fee in federal coal royalty rates. Mid-range estimates for the social cost of carbon from the Interagency Working Group () of $46 per ton of carbon emissions would translate to a fee of more than $90 per ton on PRB coal.

Krupnick et al. () suggest that such a. The U.S. Interior Department said on Wednesday that it would form a new committee to review royalty rates collected from oil and gas drilling, coal mining and renewable energy production on. Federal coffers and greenhouse gas emissions reduction efforts would benefit if royalty rates for coal mined on public lands were raised, according to a new White House report.

The Economics of Coal Leasing on Federal Lands report considered four potential approaches to changing royalty rates, examining whether they would increase or decrease government revenues. “We find that the answer to this is unambiguous: increasing coal royalty payments for Federal leases could bring in substantially greater revenue for.

If losses from royalty rate reductions are consistent with older leases, the total cost of reduced royalty rates is “closer to $ million from toor about $37 million annually (in dollars).”6 Recommendations The discretion to reduce royalty rates was granted as part of the Federal Coal Leasing Amendments ActFile Size: KB.

Federal Coal Bonus Bids and Royalty Collected - Are existing royalty rates appropriate in light of the value of the federal coal potential leasing and management reforms to the.

Firms are required to pay a royalty of percent on the minerals they extract from federal land when they are first sold, but many coal companies initially sell to affiliates at the same price. The royalty rates for Federal coal in the Area shall continue to be: 2 Percent for Federal coal mined by underground mining methods and 4 percent for Federal coal mined by surface mining methods, rather than the full Federal rates of 8 percent and percent, respectively.

Public engagement began onwhen ONRR announced its intent to update and simplify valuation regulations for Federal and American Indian coal, and Federal oil and gas through separate Advance Notices of Proposed Rulemaking, requesting comments from affected parties and the interested public before proposing changes to the existing.

Fact Sheet: Federal Coal Royalties and their Impact on Western States Royalty revenue collected by the U.S. Department of the Interior is an important part of both federal and state budgets, particularly in Western states where a majority of the coal is mined on federal lands.

We find that changes in federal royalty policy could have substantial revenue benefits for federal and state governments with limited impact on coal production or prices on federal lands. Specifically: If the rule is implemented using net delivered prices to reveal the value of federal coal for royalty.

SANTA FE, N.M. - The Bureau of Land Management (BLM) New Mexico State Office has announced the extension of reduced Federal coal royalty rates for nine counties in Oklahoma. The counties are Atoka, Coal, Haskell, Latimer, LeFlore, McIntosh, Muskogee, Pittsburgh, and Sequoyah.

The Category 5 royalty rate reduction, which has been in place sincewill now be in effect. To address the loophole, the Office of Natural Resources Revenue proposed this week changes in how coal companies operate at first point of sale, aiming to curb companies’ captive transactions.

The new rules address "regulations governing valuation for royalty purposes of oil and gas produced from Federal onshore and offshore leases and coal produced from Federal and Indian leases.". Proposed Royalty Valuation Regulations: Federal Oil and Gas and price), then ONRR would require the lessee to pay royalty on federal oil based on $90 per barrel or the salability of the oil/gas/coal Proposed Changes: Federal Oil 7.

Evaluating the effective royalty rate currently paid by coal companies using the price paid for federal coal by consumers (the market value) instead of the price paid by brokers (mine mouth value), it becomes clear that coal companies are paying royalties at a rate well below the royalty rate set in regulation or in the terms of individual.

• Increase royalty rates for federal coal to account for the environmental costs of coal production, which are imposed on the public.

For example, Interior should increase the minimum royalty rate from to percent for Powder River Basin surface-mined coal, in order to account for the climate change damage caused by methane emissions. coal royalty rates Centre to set up panel to examine issues on royalty rates for major minerals The Centre has decided to set up an member panel including mines secretaries from various states, to examine issues pertaining to the revision of rates of royalty for minerals.

Therefore, the coal royalty revision is due since April,it had said. In a separate reply, the minister said in the last three financial years and in (till July 31), two mines -- Marki Mangli-I and Majra in Maharashtra -- have been auctioned to Topworth Urja and Metals and Jaypee Cement Corp, respectively.

United States, coal rights on government land hold-ings are owned by the government and royalties are set at a minimum % for surface mines and 8% for underground mines (per the Federal Coal Leasing Amendments Act). Because of the exten-sive ownership of coal rights by the federal govern-ment (equal to approximately 35% of all recoverableFile Size: KB.

Development Potential and Production Prospects of Federal Coal Leases This chapter presents the results of OTA’sthe Federal Coal Leasing Amendments Act of assessment of the development potential anl (FCLAA): an analysis of all mining acd - production prospects of Federal coal leasestivities on Federal leases and of the presen.

t. As 13% of U.S. energy-related greenhouse gas emissions come from burning coal, and the U.S. boasts 10% of the world’s known coal reserves, federal Author: Kenneth Gillingham.S.

( th): A bill to amend the Mineral Leasing Act to increase the royalty rate for coal produced from surface mines on Federal land, to prohibit the export of .