Taxpayer Relief from Big Oil Act reforms oil and gas royalty relief.

The Taxpayer Relief from Big Oil Act amends the Energy Policy Act of 2005 and certain mineral leasing laws to reform oil and gas royalty relief. It repeals Gulf of Mexico royalty relief and sets a maximum transportation allowance for oil and gas. It also revises regulations for standardized oil and gas transportation allowances and removes royalty relief provisions for Alaska. The bill requires annual reports on royalty relief applications and production from the Bureau of Land Management and the Bureau of Ocean Energy Management.

Taxpayer Relief from Big Oil Act reforms oil and gas royalty relief.

The Taxpayer Relief from Big Oil Act amends the Energy Policy Act of 2005 and certain mineral leasing laws to reform oil and gas royalty relief. It repeals Gulf of Mexico royalty relief and sets a maximum transportation allowance for oil and gas. It also revises regulations for standardized oil and gas transportation allowances and removes royalty relief provisions for Alaska. The bill requires annual reports on royalty relief applications and production from the Bureau of Land Management and the Bureau of Ocean Energy Management.