The U.S. Department of Interior has proposed allowing oil and gas companies to delay royalty payments due to the impacts of the new coronavirus pandemic.
According to the website of the White House Office of Management and Budget, the Interior Department’s Office of Natural Resources Revenue (ONRR) on May 20 sent a proposed rule titled “ONRR Reporting and Royalty Payment Delay Related to Coronavirus Disease 2019 (COVID-19).”
Details of the proposal were not available.
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https://www.hartenergy.com/news/us-proposal-would-allow-oil-gas-drillers-delay-royalty-payments-187806