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Feds cancel second quarter oil and gas lease sales

(The Center Square) – The U.S. Bureau of Land Management (BLM) said Wednesday the agency is canceling oil and gas lease sales for the second quarter, drawing criticism from Wyoming’s governor. The announcement marks the second quarter in a row that the agency, which manages energy development, recreation, grazing and conservation on 245 million federal acres, halted lease sales after President Joe Biden signed an executive order in January that included a moratorium on new oil and gas leases on federal lands.  The BLM cited the U.S. Department of Interior’s (DOI) ongoing review of the federal oil and gas leasing program for why the lease sales, which is required quarterly under the Mineral Leasing Act, aren’t being held. 

Federal ban on oil and gas activity contributing to Wyoming s slow economic recovery

Despite a new state report showing the Wyoming economy is bouncing back, sluggish income growth and job losses, particularly in the oil and gas industry, mean the state’s overall progress is expected to be slow. “The natural gas and oil industry follow the global markets and must utilize the oversupply that was created during the pandemic before we will see prices rise significantly and allow for increased production,” Ryan McConnaughey, communications director at the Petroleum Association of Wyoming (PAW), told The Center Square. The oil and gas industry itself has been in a slouch and continues to seek recovery.

Petroleum Association of Wyoming joins lawsuit challenging Biden s federal oil lease ban

Petroleum Association of Wyoming joins lawsuit challenging Biden s federal oil lease ban
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Petroleum Association of Wyoming joins lawsuit challenging Biden s federal oil lease ban

Petroleum Association of Wyoming joins lawsuit challenging Biden s federal oil lease ban
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Petroleum Association of Wyoming Joins Lawsuit against President Biden s Energy Ban

Petroleum Association of Wyoming Joins Lawsuit against President Biden s Energy Ban
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