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waters pending an environmental review. we re going to start to properly manage lands and waterways. in april of last year, the interior department finished the review and announced reformed leasing procedures. royalty rates for the portion from oil and gas sales that companies pay to the government rose from 12.5% to 18.75. a 50% increase. the land nominated for drilling by the oil and gas industry was reduced by 80%. we all pay 50% more for 80% less. i think this is them trying to thread the needle, split the hair saying okay we are going to go ahead with a leasing program. we are not going to put much out there. overall oil and gas production has risen in the past decade including on federal lands which make up about 25% of total output. but the first step in the oil producing process has fallen significantly behind. in 2021, just 407 new leases were issued by the bureau of

Leasing proceduresRoyalty ratesInterior departmentOil and gas12 5118 75Leasing programTotal outputNon federal landsBureau of land management