Thomas J Tyrrell
January 08, 2024 | The Legal Intelligencer
New Interior Department Rule Proposes Increase in Cost to Acquire and Maintain Federal Oil and Gas LeasesBLM has been under increased pressure to update the fiscal terms of oil and gas leases for many years. Under the current regulations, minimum bids and rental rates have not increased in 30 years, bond rates have not increased in 50 years, and royalty rates have never increased since the Mineral Leasing Act was passed in 1920.
By Charles J. Dennen and Thomas J. Tyrrell
8 minute read
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