The Los Angeles (LA) City Council on Wednesday unanimously approved a motion to prohibit drilling new oil and gas wells, phase out production from existing wells, and establish a plan for plugging and remediating all wells in the city. “From Wilmington to the San Fernando Valley, gas drilling and oil wells have disproportionately affected the…
Tag / drilling ban
Subscribedrilling ban
Articles from drilling ban
Oil, Natural Gas Industry Facing Higher Costs, Scrutiny in Federal Auctions
The U.S. oil and natural gas industry need not fear a federal drilling ban — for now — but royalty rates may be hiked for the first time in a century and leasing terms could be tightened based on an analysis by the Department of Interior. After taking office in January, President Biden issued Executive…
November 29, 2021
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
