Recent claims suggesting that the Biden administration has granted 50 percent more oil and gas drilling permits on federal land compared to the Trump administration have been circulating in the media – and while that data is accurate, it’s a lot more complex. A closer look at the 2023 data reveals that many of the
Read More...Once again, New Mexico has reported record revenues stemming from oil and gas production, with the state predicting it will raise nearly $3 billion in FY24 from the industry alone, up 4.6 percent from FY23 estimates: “The state’s historic revenues have been growing at a record pace propped up by booming oil and gas…” However,
Read More...Deep in the Department of Interior’s recently proposed 200+ page rule updating the Fluid Mineral Leases and Leasing Process is a not-so-welcome surprise for the American energy industry. The proposed rule introduces a “preference criteria,” a brand-new and potentially transformative mechanism that has flown relatively under the radar but could give the Biden administration yet
Read More...The Biden administration held its first onshore oil and gas lease sale of the year in May, nearly a year after the last auction and eight months after provisions within the Inflation Reduction Act mandated that sales continue. Total 2023 onshore lease sales are significantly curtailed from years prior, and with no finalized 2023-2028 Proposed
Read More...As consumers continue to face high gasoline and utility bills, the Biden administration refuses to use the most readily available resource in the country – the federal lands leasing process – to help bring down prices. Simply put, Americans are feeling pain at the pump in part because of an administration that continues to slow
Read More...The U.S. Interior Department is soon expected to release its review of the federal oil and natural gas leasing program that was prompted by President Biden’s Executive Order 14008 which banned new leasing while the review was conducted. Two weeks ago, in response to a lawsuit filed by 13 states, a federal judge in Louisiana
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