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View Diary: All of the Gulf of Mexico Just Got Sold. (48 comments)

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    If you don't do development work, the lease is forfeited.  If the lease produces, you pay royalties and/or severance taxes.

    "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

    by Old Left Good Left on Wed Nov 28, 2012 at 02:38:48 PM PST

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