Drilling on Federal Lands could get more expensive
The Department of the Interior (DOI) recently announced a notice of proposed rulemaking that would change the price structure used for royalties on federal lands. The Bureau of Land Management (BLM) is soliciting public comments for the next 45 days on the proposed rulemaking.

According to the proposal, the BLM is considering updating “regulations related to royalty rates, annual rental payments, minimum acceptable bids, boding requirements, and civil penalty assessments for federal onshore...

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