Federal Government Could Slash Oil Lease Opportunities in a Top Producing State

Oil Rig

The U.S. Bureau of Land Management’s updated Resource Management Plan for North Dakota could cost the state $34 million a year for the next 30 years, North Dakota officials said in a protest filed with the agency.

The plan announced in August bans oil and gas leased on 4 million acres, which is about 99% of federal lands in the state, according to Gov. Doug Burgum. Forty-four percent of federally-owned fluid mineral acreage would also not be available for leasing.

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Feds Cancel Second Quarter Oil and Gas Lease Sales

The U.S. Bureau of Land Management (BLM) said Wednesday the agency is canceling oil and gas lease sales for the second quarter, drawing criticism from Wyoming’s governor.

The announcement marks the second quarter in a row that the agency, which manages energy development, recreation, grazing and conservation on 245 million federal acres, halted lease sales after President Joe Biden signed an executive order in January that included a moratorium on new oil and gas leases on federal lands. 

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