March – April 2024, Volume 52, Number 2
On February 12, the Department of the Interior announced a finalized rule reforming the Bureau of Land Management’s onshore oil and gas leasing program. Readers may recall this rule was proposed last spring. Powder River members engaged diligently throughout the rulemaking process to ensure quick passage and strong reforms. The rule makes long overdue changes to federal oil and gas leasing program, one such critical change being an update to bonding requirements, or financial assurances operators are required to post before drilling.
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