Fourteen U.S. energy groups have called on the Biden administration to prioritize U.S. energy production and American’s energy needs by developing fair and consistent federal leasing regulations.
They submitted comments to the U.S. Department of the Interior’s Bureau of Land Management (BLM) over a newly proposed Fluid Mineral Leases and Leasing Process rule. The rule implements changes related to royalty rates, rentals, and minimum bids for BLM-issued oil and gas leases and updates bonding requirements for leasing, development and production.
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