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Energy industry reacts to BLM revisions of federal land leasing terms mrt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mrt.com Daily Mail and Mail on Sunday newspapers.
Informed observers offer insights on how changes in federal oil and gas leasing could affect activity in the Permian Basin, state waters, and elsewhere. (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) Shortly after taking office, President Biden signed an executive order directing the U.S. Department of the Interior to pause issuing new leases for oil and gas development on federal lands and offshore waters. According to a written statement from the Interior Department, the “targeted pause” neither affects existing operations or permits for “valid, existing leases” nor restricts energy activities on private, state, or tribal lands. ....