Leasing

Biden Administration Resumes Oil, Natural Gas Leasing on Federal Land – With New Twists

Biden Administration Resumes Oil, Natural Gas Leasing on Federal Land – With New Twists

The Biden administration aims to substantially curb new oil and natural gas drilling on public lands as it attempts to combat climate change and emphasize renewable fuels. The White House said it would resume selling leases to drill for oil and gas on federal lands, though the number of acres available declined dramatically and it…

April 18, 2022
‘Unprecedented Lapse’ in U.S. Offshore Oil, Natural Gas Leasing Imminent, Warns Industry

‘Unprecedented Lapse’ in U.S. Offshore Oil, Natural Gas Leasing Imminent, Warns Industry

Hope is fading that the Department of the Interior (DOI) will hold offshore oil and gas lease sales anytime soon, industry lobbyists said Tuesday. “The Biden administration’s lack of progress on offshore leasing is a clear example of the large gap between rhetoric and reality,” the American Petroleum Institute’s (API) Frank Macchiarola, senior vice president…

March 30, 2022
Appalachia NGL Feedstock Looking to Support Region’s Petrochemical Growth In 2022

Appalachia NGL Feedstock Looking to Support Region’s Petrochemical Growth In 2022

A long awaited petrochemical project is set to begin operations in the Appalachian Basin in 2022, and a second major investment in the region could get the green light this year.

January 10, 2022
Federal Oil, Natural Gas Auctions Facing Changes as Interior Proposes Higher Royalty Rates

Federal Oil, Natural Gas Auctions Facing Changes as Interior Proposes Higher Royalty Rates

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 30, 2021
Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming’s two main oil and gas trade groups are seeking to expedite the resumption of oil and gas leases on federal property by the Department of the Interior (DOI). In a merits brief filed Aug. 30 in Wyoming District Court, the Western Energy Alliance and the Petroleum Association of Wyoming (PAW) allege that DOI is…

September 8, 2021
API, Chamber Urge Biden Administration to Lift Moratorium on Federal Oil, Natural Gas Leasing

API, Chamber Urge Biden Administration to Lift Moratorium on Federal Oil, Natural Gas Leasing

The American Petroleum Institute (API) and the U.S. Chamber of Commerce joined Republican leaders in calling on the Biden administration to lift its temporary pause on federal oil and natural gas leasing after a Louisiana district court ordered the moratorium be lifted. Fourteen states in March challenged President Biden’s executive order (EO), which in January,…

June 15, 2021
Industry Urges DOI to Preserve Federal Oil, Natural Gas Leasing as Haaland Calls for Overhaul

Industry Urges DOI to Preserve Federal Oil, Natural Gas Leasing as Haaland Calls for Overhaul

Leading U.S. oil and gas trade group American Petroleum Institute (API) on Thursday urged the Biden administration to fully reinstate leasing on federal property, warning of environmental and economic impacts under a long-term ban. Biden has paused via executive order (EO) the awarding of new leases amid a comprehensive review of the Interior Department (DOI)…

March 29, 2021
New Mexico Permian Faces Loss of Production, Revenue if Federal Leasing Ceases, Says Dallas Fed

New Mexico Permian Faces Loss of Production, Revenue if Federal Leasing Ceases, Says Dallas Fed

New Mexico’s Permian Basin has feathered the state’s coffers and built the nation’s oil reserves, but if the Biden administration implements a ban of federal permitting, the region’s economy could take a sharp hit, according to the Federal Reserve Bank of Dallas. The Biden administration in late January directed the Department of the Interior to…

March 4, 2021
Montana Governor Asks Court to Rescind Plans for Oil, Gas Development

Montana Governor Asks Court to Rescind Plans for Oil, Gas Development

Montana Gov. Steve Bullock has asked a district court to shelve three large-scale plans that would open most federal lands in the state to oil and gas development, arguing they were invalidated when a federal court ruled the Trump administration’s top public lands official was serving illegally. U.S. District Judge Brian Morris of the District…

October 8, 2020

California Opposes BLM Plans to Open 1.2M Acres for Oil, Gas Leasing

In what is expected to prompt another tussle between the state and federal government, the Bureau of Land Management (BLM) last week announced plans to open 1.2 million acres in California for oil and gas leasing.

December 17, 2019
‹ Previous 1 2 3 7