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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
08/26/201622:29:00Exxon Mobil Backs Out of Proposed Alaska LNG Project
08/26/201609:49:32Statement of Changes in Beneficial Ownership (4)
08/26/201608:08:00On BizWireTV: Big Name Brands Join Louisiana Relief Effort and...
08/25/201612:17:29Statement of Changes in Beneficial Ownership (4)
08/25/201603:03:00Oil Firms Binge on Debt -- WSJ
08/24/201617:12:00Largest Oil Companies' Debts Hit Record High -- Update
08/24/201605:59:00Largest Oil Companies' Debts Hit Record High
08/22/201620:56:00Oil Search Profit Hit by Weak Prices, Dents Dividend
08/19/201616:45:00ExxonMobil Contributes $500,000 to Flood Relief in Louisiana
08/18/201614:00:00ExxonMobil and Georgia Tech Innovation Could Lead to Significant...
08/15/201621:40:00Some International Companies Cautiously Return to Iraq
08/12/201613:51:00MARKET SNAPSHOT: Stocks Slip Off Records As A Drop In Miners...
08/12/201613:18:00MARKET SNAPSHOT: Stocks Slip Off Records As A Drop In Miners...
08/12/201612:03:00MARKET SNAPSHOT: Stocks Pare Losses As Energy Stocks Rally
08/08/201614:05:00MARKET SNAPSHOT: Stocks Back Off All-time Highs As Health-care...
08/08/201611:59:00MARKET SNAPSHOT: Stocks Retreat From Records As Health-care Stocks...
08/08/201603:27:00Providence Resources Boosts Irish License Stake With Exxon Mobil...
08/04/201617:05:00Initial Statement of Beneficial Ownership (3)
08/03/201612:13:37Quarterly Report (10-q)
08/03/201609:00:00American Oil Producers Reduce Production Costs, Gain Edge Facing...

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