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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
05/28/201503:50:39Chevron Sells Stake in New Zealand Refinery
05/27/201515:51:04Statement of Changes in Beneficial Ownership (4)
05/27/201513:55:00Doug Oberhelman Elected to ExxonMobil Board
05/27/201511:07:02Oil Majors Falling Out Favor With This Hedge Fund Boss
05/26/201515:51:14Top 4 Oil Companies for Dividend Investors
05/26/201513:06:0210 Largest Capital Expenditures in Natural Gas
05/24/201516:29:18Oil Companies Look to Join Climate Debate
05/23/201511:00:023 Safe Investments in Commodities
05/22/201517:00:03Should You Follow Goldman Sachs Advice on Oil Stocks?
05/22/201510:20:00Media Reports About ExxonMobil Lobbying on Iran Sanctions Are...
05/20/201520:37:07Exxon, Worleyparsons Settle Dispute for US$78 Million
05/20/201513:13:00ExxonMobil Announces Significant Oil Discovery Offshore Guyana
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201508:00:00Bigger Than the Bakken: Energy Companies Setting Their Sights...
05/19/201519:00:15Tim Cook is Making His Mark on Apple
05/19/201515:08:58Which Big Oil Stock Would Benjamin Graham Buy Today?
05/18/201521:09:03The 30 Dow Jones Stocks
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05/17/201510:00:02How Foreign Exchange Risk Affects Natural Gas Stocks
05/17/201507:00:02How to Invest Money in Oil

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