WASHINGTON — In order to comply with a provision of the climate, tax and health care law signed in August the Interior Department announced Thursday it would move forward with onshore and off…
By David Jordan | CQ-Roll Call
For onshore leasing, the Bureau of Land Management will begin scoping for its next sales in New Mexico and Wyoming “under a strategy that includes onshore lease sales consistent with the terms of the law,” which include changes such as increasing the minimum royalty rate, assessing a fee for filings of expressions of interest and eliminating non-competitive leasing.
The Biden administration did not finalize a new offshore oil and gas leasing program prior to the previous program’s expiration at the end of June. The American Petroleum Institute and other industry groups criticized the administration over this, arguing that it created uncertainty for oil and natural gas producers.
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