Drilling for oil on public land in the US is about to get more expensive
The long-awaited Interior Department policy will raise financial assurance and royalty rates.
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The long-awaited Interior Department policy will raise financial assurance and royalty rates.
Interior officials said the final rule is the first update to the U.S. oil and gas leasing program in decades.
Environmentalists called the reforms long overdue. Industry says they will drive small producers off of federal lands.
The Bureau of Land Management (BLM) today finalized its updated rule governing oil and gas leasing and permitting on federal lands. The rules will apply to the hundreds of millions of acres of public lands that remain open to oil...
Groups filed a legal challenge today against DOI for failing to adequately consider public health impacts in its final Five-Year Program.