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House, Senate Bills Aim at Replacing Obama Oil-Drilling Plan

By Tennille Tracy WASHINGTON--House and Senate lawmakers are trying to overturn a five-year oil drilling plan developed by the Obama administration and replace it with new proposals that open up more federal waters to exploration. The House approved a bill Wednesday that paves the way for oil drilling in the Atlantic and Pacific oceans, areas where production has not taken place for several years, and nearly doubles the number of drilling lease auctions to be held between now and 2017. The bill passed the House by a vote of 253 to 170. Also Wednesday, Sen. Lisa Murkowski (R., Alaska) and a bipartisan group of senators unveiled a similar bill while also introducing a provision that forces the federal government to share more of the oil royalties with coastal states. The Interior Department finalized its five-year drilling plan earlier this year, outlining 12 lease auctions in the Gulf of Mexico, two in the Arctic Ocean and one in Cook Inlet. -By Tennille Tracy, Dow Jones Newswires; 202-862-6619; tennille.tracy@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
05/27/201616:52:00Big Oil Companies Stay Shy Despite Upswing in Prices
05/27/201611:36:03Statement of Changes in Beneficial Ownership (4)
05/26/201611:02:44Initial Statement of Beneficial Ownership (3)
05/26/201610:42:27Specialized Disclosure Report (sd)
05/26/201603:03:00Climate-Change Tests Voted Down -- WSJ
05/25/201619:26:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201617:02:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201617:00:00Exxon, Chevron Shareholders Reject Climate-Change Stress Tests
05/25/201616:26:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201613:07:00Angela Braly Elected to ExxonMobil Board
05/25/201610:50:00White House to Push Companies for More Disclosure on Greenhouse...
05/24/201615:46:56Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/23/201603:03:00Exxon Faces a Proxy-Access Vote -- WSJ
05/22/201622:30:00Evacuation Order Lifted for Some Canadian Oil Sites
05/21/201614:32:00Evacuation Order Lifted for Some Canadian Oil-Sands Sites
05/21/201606:00:00Exxon Faces Proxy Access Showdown, Again
05/20/201616:00:00Alberta Wildfire Has Stopped Spreading, Officials Say
05/19/201623:40:00Oil Search in $2.2 Billion Deal to Buy InterOil
05/19/201619:59:00Cool, Wetter Weather Aids Firefighting Efforts in Canada -- Update
05/17/201612:30:00Plains All American, Employee Face Charges in Spill

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