I'm going to go through some details what that does in regard to you and it does so much more. Number one, The bill mandates both increases in the numbers of onshore and offshore oil and gas leases and lowers royalty rates to encourage investment in new oil and gas projects. It increased enhanced oil recovery, captured carbon credits for all producers to $85 per metric ton for equipment placed in service beginning July 5th of this year. (07:30–07:41)
CLAIM
Asserts that HR1 mandates increases in oil and gas leases and lowers royalty rates.
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