Today, the U.S. House of Representatives passed H.R. 7377, the Royalty Resiliency Act, with overwhelming bipartisan support. House Committee on Natural Resources Chairman Bruce Westerman (R-Ark.) issued the following statement in response:

"This legislation will lower energy prices for American families struggling under the Biden administration’s policies and eliminate red tape and burdensome fees unfairly placed on domestic energy producers. I'd like to thank Congressman Hunt for his leadership on this legislation and I look forward to working closely with him in continued support of U.S. energy dominance."

Background

H.R. 7377, the Royalty Resiliency Act, introduced by U.S. Rep. Wesley Hunt (R-Texas), will ease egregious royalty burdens placed on domestic oil and natural gas operators while they await various approvals from the Bureau of Land Management bureaucracy. The approvals often take years, resulting in unnecessary overpayments by operators and higher energy costs for consumers