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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
01/29/201511:29:20U.S. Stocks Waver Amid Data, Earnings
01/29/201505:38:29France's Total Takes 10% in 15 Oil Fields in Abu Dhabi for 40...
01/28/201518:00:34Oil Search Foreshadows Spending Cuts, Impairments
01/28/201516:51:43MARKET SNAPSHOT: U.S. Stocks Sell Off After Fed Statement
01/28/201515:28:17MARKET SNAPSHOT: U.S. Stocks Stumble After Fed Statement
01/28/201514:53:33MARKET SNAPSHOT: U.S. Stocks Fall After Fed Statement
01/28/201513:41:51MARKET SNAPSHOT: U.S. Stocks Lose Steam In Choppy Trade
01/28/201513:40:40MARKET SNAPSHOT: U.S. Stocks Turn Lower Ahead Of Fed Meeting
01/28/201513:14:36Argentina's YPF, China's Sinopec to Join in Oil-and-Gas Projects
01/27/201517:24:02Big Oil Faces Time of Reckoning
01/24/201515:53:40Exxon Fined $1.05 Million for 2011 Yellowstone Pipeline Break
01/23/201513:20:01Is It Time to Invest in Energy Stocks?
01/21/201521:40:13Suncor Executive Says Growth Plans Based on Bullish Crude Price...
01/20/201500:26:18Oil Majors Show Early Interest in Mexico Bidding Round
01/19/201517:55:21Workers Cleaning Up After Yellowstone River Oil Spill -- Update
01/07/201517:36:21Oil Firms' New Dilemma: Save, or Borrow More?
01/05/201507:30:06KazMunaiGaz Pulls Offer for Exploration Unit
01/05/201506:51:28KazMunaiGaz Pulls Offer for Exploration Unit Amid Oil Price Volatility
12/27/201420:48:07U.S. Economic Growth Is Strongest Since 2003
12/21/201422:19:05U.S. Move to Normalize Cuba Ties Boosts Firms' Asset Claims

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