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Brief
The Royalty Resiliency Act was signed into law by the President on September 20, 2024. The act aims to improve the management of royalties from oil and gas leases. It requires the Secretary to issue determinations of allocations of production for units and communitization agreements within 120 days. Lessees must report and pay royalties on oil and gas production until the determination is issued, with a waiver of interest due on obligations subject to the determination.
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