To: kellynla
It's not 46 cents on average, that's low. It's more like 60-70 cents with all the taxes from the well head to the pump.
To: TheEaglehasLanded
Feds take 13% royalty from onshore leases, and a 17% royalty from offshore leases. This means that for every 100 bbls of oil produced in Gulf of Mexico, Uncle takes 17 bbls.
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