Tag: Federal land

Trump’s new federal land policies unlikely to increase oil/gas drilling

Trump’s new federal land policies unlikely to increase oil/gas drilling

Rate at which resources are produced, delivered domestically will depend on prices Eco-activists are dismayed that President Donald Trump’s intent to open up more federal land to oil and gas drilling will have serious environmental consequences , but Clay Lightfoot of Wood Mackenzie says much higher prices are needed to persuade producers before increased activity […]

By February 27, 2017 0 Comments Read More →
With low oil prices in 2016, US federal land revenues decline again

With low oil prices in 2016, US federal land revenues decline again

More than half a billion dollars was disbursed to 34 federally recognized American Indian tribes In fiscal year (FY) 2016, the US government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American Indian lands, according to the Department of Interior’s Office […]

By January 24, 2017 0 Comments Read More →
New royalty rule could stifle production, create uncertainty – industry

New royalty rule could stifle production, create uncertainty – industry

O&G industry concerned new “default provision” permits agency to second-guess lessees’ royalty valuation yet provides no standards A change to the federal royalties from oil and natural gas produced on public lands could lead to less production and fewer tax revenues for the American government, say industry representatives. “This rule directly undercuts the goals described by the rule […]

BLM sees production and drilling growth on Federal, Indian land

BLM sees production and drilling growth on Federal, Indian land

BLM releases statistics on oil and gas activity on Federal, Indian lands The Bureau of Land Management says production from federal and Indian lands rose last year and has more than doubled since 2008, according to fiscal year 2015 statistics for oil and gas permitting, leasing and drilling activity on lands where BLM permits are required. […]