Federal Royalty Certainty Act

[AI summary unavailable — showing source text] Federal Royalty Certainty Act - Amends the Outer Continental Shelf Lands Act and the Mineral Leasing Act regarding oil and gas leases to provide that royalty payments due: (1) in value shall be based upon the value of oil or gas production at the lease in marketable condition; and (2) in amount shall be based upon the royalty share of production at the lease. Provides that if payments in value or amount are calculated from a point away from the lease the lessee shall be allowed reimbursements at a reasonable commercial rate for certain services beyond the lease through the point of disposition or delivery.…