# It's time for the Oklahoma legislature to raise statutory 1/8 high risk exploratory
**URL:** https://www.mineralrightsforum.com/t/its-time-for-the-oklahoma-legislature-to-raise-statutory-1-8-high-risk-exploratory/35646
**Category:** General Mineral Rights Discussion
**Created:** [October 23, 2018, 11:30am UTC](https://www.mineralrightsforum.com/t/its-time-for-the-oklahoma-legislature-to-raise-statutory-1-8-high-risk-exploratory/35646 "2018-10-23T11:30:43Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@Curtis\_Cory](https://www.mineralrightsforum.com/u/Curtis_Cory)
#### Post date: [October 23, 2018, 11:30am UTC](https://www.mineralrightsforum.com/t/its-time-for-the-oklahoma-legislature-to-raise-statutory-1-8-high-risk-exploratory/35646/1 "2018-10-23T11:30:43Z")
Three royalty debates may be revived in the 114th Congress: (1) whether to increase the statutory minimum rate for onshore federal oil and gas leases from 12.5% to 18.75%, (2) whether to enact revenue sharing laws for Outer Continental Shelf (OCS) leases to include all coastal states, and (3) whether to charge a royalty on hardrock locatable minerals produced on federal public domain lands. House and Senate bills in the 113th Congress proposed to raise the minimum rate from 12.5% to 18.75% on oil and gas produced on federal leases, provide for revenue sharing of OCS revenues, and establish a “gross proceeds” royalty on federally owned locatable mineral production.
It’s time for the Oklahoma legislature to raise statutory 1/8 high risk exploratory royalty to minimum 3/16 production field royalty. Ask your state representatives.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:19pm UTC](https://www.mineralrightsforum.com/t/its-time-for-the-oklahoma-legislature-to-raise-statutory-1-8-high-risk-exploratory/35646/2 "2025-01-11T19:19:45Z")