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Conservationists seek oil and gas leasing reform

September 25, 2017 in News

Wyoming made nearly 20 million from a federal oil and gas lease sale Thursday mostly in the Powder River Basin, one of four lease sales this year. The news comes on the heels of a push from conservation advocates to rehash the federal leasing program, holding leasees to a higher standard so that oil and gas firms aren’t gathering up parcels of land that they don’t intend to drill in a timely manner.

The petitioners would also like royalty rates for production to be in-line with revenue made on state and private land, leasing to cease on lands that do not have a strong potential for oil or gas production, and the minimum leasing bid to be increased.

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