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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
07/29/201513:38:00Exxon Mobil Corporation Declares Third Quarter Dividend
07/27/201510:00:00ExxonMobil to Release Second Quarter 2015 Financial Results
07/22/201520:19:21Falling Crude Prices Upend Canada's Oil Sands Projects
07/20/201520:58:38Oil Search Quarterly Production Rises, Lifts Fiscal Year Target
07/17/201515:03:023 Stocks to Watch at the Pump
07/15/201507:33:02The Best Stocks to Invest in Gas Stations
07/13/201519:15:14Environmental Activists Can't Intervene in Exxon Case, Judge...
07/13/201515:26:47Environmental Activists Can't Intervene in Exxon Case, Judge...
07/13/201512:05:03Is It Time to Buy Offshore Drillers?
07/11/201512:08:03BP's Dividend Looks Really, Really Tempting: What's the Risk?
07/10/201518:08:03The Energy Market: Moving From One Hyperbole To Another
07/10/201512:11:033 Energy Stocks to Buy in July
07/09/201510:38:27Correction to Seplat, Niger Delta story
07/09/201508:20:21Pope Inspires Catholic Investors to Press Environmental Concerns
07/09/201505:10:28Seplat Presses Ahead With Possible Niger Delta Acquisition
07/08/201517:34:033 Reasons Chevron's Stock Could Fall Further
07/03/201514:20:02I Finally Took My Own Advice and Bought Shares of ExxonMobil
06/26/201518:55:46Guyana Assures Exxon Venezuela Dispute Won't Slow Oil Exploration
06/26/201516:40:27Exxon Mobil, BP Suspend Canadian Arctic Exploratory Drilling...
06/26/201516:27:07Exxon Mobil, BP Suspend Canadian Arctic Exploratory Drilling...

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