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Wyoming’s oil and gas lease sales of public land concluded June 30. It was the first sale to happen since late 2020 – typically they are four times a year.Two-thirds of the total parcels offered were sold, which is 67,627 acres of Wyoming public land. The other third went unpurchased.
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A new study shows that oil and gas companies would have paid billions of dollars more to the federal government had royalty rates been set at higher levels nine years ago.
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Standing out on the Jonah Field in Sublette County one sees a sea of sagebrush - it's 24,000 acres. Back in the 90s, it was regarded as one of the largest onshore natural gas discoveries in the world. Things have leveled out now. There is now just one active drilling rig in the area. But, there are plans to steadily expand in the future. And expansion like that is what a lot of environmental groups take issue with.
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The money targets at least 277 high-priority polluting wells on federal public lands in nine states, including Utah.
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The silver dirigible-like structure may soon 'park' in the stratosphere above New Mexico oil fields to monitor methane, part of a growing effort in the Mountain West to track the potent heat-trapping gas that leaks from oil and gas infrastructure.
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The Interior Department is reopening lease sales on public lands. However, the agency announced that it was 80% less acreage than the oil and gas industry nominated for leasing. The Interior also increased royalty rates.
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Savannah Medina is a mom of seven who lives in Victor, Idaho. She drives a Dodge Durango to accommodate her large family-and it doesn't exactly get great gas mileage.
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Oil prices have increased significantly since the disastrous decline in oil prices and production caused by the pandemic. Wyoming's oil industry hasn't yet rebounded to pre-COVID levels, but is growing steadily.
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The Interior Department's moving the Bureau of Land Management's headquarters back to Washington, D.C., while establishing a Western HQ in Colorado. On Tuesday, BLM Director Tracy Stone-Manning shared details on how that'll work.
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The Biden administration wants Congress to increase drilling companies' royalty rates, which have stayed at 12.5% for 100 years.