Wouldn't raising the royalty rate as BLM's oil and gas rule proposes to do harm American energy production? And I want to Turn to you, Ms. Hornbein. Am I correct in recalling that The current royalty rate for oil and gas produced on federal lands is 12.5%. Yes, that's correct. And if I'm not mistaken, 12.5% is lower than the rates for oil and gas produced on state lands in Colorado and Texas, is that correct? (03:14–03:23)
CLAIM
Asserts that the federal royalty rate for oil and gas is 12.5%.
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