[Congressional Record (Bound Edition), Volume 157 (2011), Part 7]
[Extensions of Remarks]
[Page 9650]
[From the U.S. Government Publishing Office, www.gpo.gov]




   INTRODUCTION OF THE STUDY OF WAYS TO IMPROVE THE ACCURACY OF THE 
  COLLECTION OF FEDERAL OIL, CONDENSATE, AND NATURAL GAS ROYALTIES ACT

                                 ______
                                 

                        HON. CAROLYN B. MALONEY

                              of new york

                    in the house of representatives

                         Tuesday, June 21, 2011

  Mrs. MALONEY. Mr. Speaker, today I am reintroducing the Study of Ways 
to Improve the Accuracy of the Collection of Federal Oil, Condensate, 
and Natural Gas Royalties Act, which successfully passed the House in 
the last Congress as an amendment to the Consolidated Land, Energy, and 
Aquatic Resources (CLEAR) Act. I thank original cosponsors 
Representatives Hinchey and Grijalva for their support.
  At a time of record high gas prices, it is vital to ensure the 
American taxpayer is fairly and accurately compensated for energy 
resources extracted from leased federal onshore and offshore lands. 
This legislation would commission the National Academy of Engineers to 
study if the production volume measurement of oil, condensate, and 
natural gas collection on federal lands (including submerged, deep 
water, and Indian lands) could be improved with alternative methods.
  In April 2010, the Government Accountability Office released a study 
showing the management of production from oil and natural gas leases 
has been inconsistent and inadequate in past administrations. With 
revenues from leases amounting to billions of dollars, it is important 
that American taxpayers accurately know the amount of oil and gas that 
is extracted on leased federal lands.
  A better understanding of the best extraction measurement methods 
could ultimately result in increased revenue for the federal 
government. I urge my colleagues to support this legislation in the 
112th Congress.

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