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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
06/23/201614:20:00U.S. Oil Output to Get Boost From Gulf
06/21/201610:07:00MARKET SNAPSHOT: U.S. Stocks Step Higher As Markets Await Yellen...
06/20/201615:42:00Crane Collapse at Exxon's Torrance Refinery Injures Three
06/16/201616:33:46Annual Report of Employee Stock Plans (11-k)
06/16/201608:30:00Exxon Evacuates Workers Amid California Wildfire
06/16/201608:21:00Exxon Evacuates Workers Amid California Wildfire
06/16/201603:03:00Exxon Seeks to Block State's Order for Files -- WSJ
06/15/201619:01:00Exxon Seeking Injunction Against Climate-Change Investigation
06/15/201617:01:00Exxon's Beaumont Refinery Gets All-Clear After Bomb Threat
06/15/201616:20:00Exxon Seeking Injunction Against Climate-Change Investigation
06/15/201616:11:00Exxon Seeking Injunction Against Climate-Change Investigation
06/15/201614:51:00Exxon Says Bomb Threat Received at Refinery in Beaumont, Texas
06/15/201610:48:18Statement of Changes in Beneficial Ownership (4)
06/14/201615:18:19Statement of Changes in Beneficial Ownership (4)
06/10/201605:47:00Statoil Lowers Expectations off Newfoundland
06/08/201617:19:08Statement of Changes in Beneficial Ownership (4)
06/07/201615:41:39Statement of Changes in Beneficial Ownership (4)
06/06/201606:30:00Oil Markets Open Up as Global Outages Curb Supply
06/03/201604:29:00Statoil Tightens Grip on Utgard Field in North Sea
06/02/201621:20:00Aetna Sells $13 Billion of Bonds to Back Humana Purchase

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