Outer Continental Shelf Deep Water Royalty Relief Act
Placed on Senate Legislative Calendar under General Orders. Calendar No. 402.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Feb 4, 1993
Outer Continental Shelf Deep Water Royalty Relief Act - Amends the Outer Continental Shelf Lands Act to authorize the Secretary of the Interior, in order to promote development and new production on a producing or nonproducing lease or to encourage production of marginal or uneconomic resources on such a lease, to reduce or suspend any royalty or net profit share set forth in the lease. Provides that no royalty payment shall be due on new production from any lease located in water depths of 200 meters or greater in the Western and Central Planning Areas of the Gulf of Mexico until the capital costs directly related to such production have been recovered by the lessee out of the proceeds from production.
Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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