CASPER — After years of analysis, political wrangling and a contentious public comment period, the federal Bureau of Land Management officialized a sweeping overhaul of its oil and gas leasing program on Friday.
The changes, which will affect how extractive industries operate on federal land, mark the first major update to the federal onshore oil and gas leasing rules since 1988, the first adjustment to bond rates since 1960 and the first increase in royalty rates in more than 100 years.
The biggest — and most contested — change is the increase in the minimum bond requirements on development l...
Reader Comments(0)