Interior Secretary Ken Salazar last Wednesday said he plans to administratively terminate the controversial royalty in-kind (RIK) program for oil and natural gas producers, calling it a “blemish” on the entire department. The department also indicated that the Obama administration would issue a decision on its new five-year leasing plan for the Outer Continental Shelf (OCS) in 2010.
Tag / Administratively
SubscribeAdministratively
Articles from Administratively
Interior Secretary to End Scandal-Riddled RIK Program
Interior Secretary Ken Salazar Wednesday said he plans to administratively terminate the controversial royalty-in-kind (RIK) program for oil and natural gas producers, calling it a “blemish” on the entire department.
September 17, 2009