H. R. 7377, also known as the “Royalty Resiliency Act,” seeks to amend existing legislation to enhance the management of royalties from oil and gas leases. The bill mandates that the Secretary of the Interior must issue determinations of production allocations for certain...
Simple Explanation
The Royalty Resiliency Act is a plan to make sure that money from selling oil and gas is tracked better and paid on time. If it takes too long to figure out the payments, the people who owe money won't have to pay extra fees for a little while.