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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
09/30/201616:05:00ExxonMobil Announces Retirement of Jack Balagia and Expected...
09/30/201615:46:34Statement of Changes in Beneficial Ownership (4)
09/21/201619:18:00Oil Sector, Investors React to SEC Probe of Exxon -- Update
09/21/201618:34:00Oil Sector, Investors React to SEC Probe of Exxon Over Climate...
09/21/201613:05:00InterOil Shareholders Overwhelmingly Approve ExxonMobil Transaction
09/19/201609:30:00A Recent Claim That Oil Futures Are Set to Rally
09/16/201618:51:00When Should a Company Write Down Assets
09/16/201618:07:00New York AG Employs Powerful Law in Exxon Probe
09/16/201617:33:00ADRs End Lower; Banks, Oil Firms Slide
09/16/201607:00:00Exxon's Accounting Practices Are Investigated
09/15/201603:02:00Energy Shares' Shine Fades -- WSJ
09/13/201615:15:00Exxon Reports Equipment Shutdown at Baytown Refinery
09/13/201609:00:00ExxonMobil and Princeton University Announce New Energy Research...
09/12/201603:35:00Oil Search, Exxon Buy Stakes in Papuan Gulf Exploration Acreage
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

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