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The U.S. government announced the resumption of leasing for oil and gas drilling

 Last Update: 2023-02-28
 Source: Internet
 Author: User

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7 12 percent

milwaukee gas prices

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On April 15, local time, the US government announced the end of the 15-month lease ban and resumed lease sales
for oil and gas drilling on federal lands.
At the same time, it said it would significantly reduce the area available for lease and charge higher royalties
to oil and gas extractors.

According to the U.
S.
Department of the Interior, about 582 square kilometers of land will be provided for oil and gas drilling leases, an 80 percent
reduction in land area compared to the size approved before the ban.
In addition, mining companies will be required to pay royalties of 18.
75% of the mining value, up from the previous 12.
5%.

The U.
S.
government has been asked to take immediate action in the weeks leading up to addressing the historically high U.
S.
energy prices, a move that is expected to effectively ease the pressures
associated with U.
S.
energy prices.

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