unused federal oil leases
For federal onshore, the Mineral Leasing Act prevents any one company from locking up unproductive excessive federal acreage. Oil and gas companies can raise funds from investors by not drilling on leases with proven reserves, said Hugh Daigle, an associate professor at the University of Texas Hildebrand Department of Petroleum and Geosystems Engineering. "Sometimes there might not really even be producible oil and gas on a lease," Daigle said. The industry could move forward with the permits that it has that are currently unused and could ramp up domestic oil production to replace Russian oil, but these moves take time. Oilfield Electrification Technology Conference. It has become a line the White House pivots to when pressed to explain why it isnt doing more to support American oil and gas production with soaring demand putting upward pressure on prices and with much of Europe at the mercy of its top energy provider, Russia. | Terms & Conditions | Privacy, Psaki has made the claim about unused federal leases, Pipeline Strategic Data Tracking System (PSDTS). "Theyre not drilling. They could be drilling right now, yesterday, last week, last year. Gas Prices ", "They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial 'drill, baby, drill,' which is the way they would have done things 10 years ago. ", "It's President Biden who is proposing to cut Medicare Advantage. March 2, 2021, PolitiFact, No, the U.S. did not end its domestic oil production. "Oil and gas companies already have leases the size of Indiana," said Sen. Ed Markey (D-Mass.) With oil at $120 or more, drilling there is wildly profitable.". Biden again reiterated that there are 9,000 unused oil drilling permits on federal lands, and called on Congress to make oil companies pay fees on wells from leases that they "haven't used in years and on acres of public . They could be drilling right now, yesterday, last week, last year.". Published under: But in Alaska, Willow represents the biggest oil field in . However, once the permit is approved, drilling doesnt start overnight. Tomorrow's lease sale is a step in the wrong direction, and the administration needs to do better." After decades of an industry-first management approach to offshore leasing at DOI, oil and gas companies have stockpiled more than 9.3 million acres of unused, non-producing leases sitting off U.S. coasts. It took us all of probably three to four years to consolidate enough acreage to start drilling to begin with, he said. Video shows President Joe Biden recalling an alien encounter. President Biden says he wants more domestic oil production but he is doing nothing positive to make that happen. 33701 Here's why: President Joe Biden said that his policies have not made the U.S. less equipped to withstand the impact of the ban on Russian energy imports. What the administration is doing is theyre trying to do what they can, with what little leverage they have, to try to get oil and gasoline prices down.. President Biden on Wednesday issued an executive order temporarily pausing federal oil and gas leases and setting in motion potentially longer-lasting restrictions on federal lands production of fo At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. "They have 9,000 permits to drill now. And any company that wanted to start drilling on those 9,000 federal leases would face the same problems. The number of "approved oil leases" (presumably Federal mineral leases) is not an answer to that question. Jewish Students Reported a Professor for Anti-Semitism. It sits about an hour outside Midland and its where Henrys crews are fracking for oil. center for media and democracy logo White House, Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal, March 8, 2022, U.S. Energy Information Administration, "EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023," Jan. 11, 2022, Bureau of Land Management, Applications for permits to drill, December 2021. Biden claimed 9,000 oil drilling permits are unused. "It is time for the administration to end the finger-pointing and instead support American production with a comprehensive strategy for American energy development one that includes a final five-year program for offshore leasing and quarterly onshore lease sales," Macchiarola continued. Tim Stewart, president of the U.S. Oil and Gas . "Families cant afford that companies sit on their hands. To obtain a drilling permit, a company must pay a fee of more than $10,000 and use it within two years (with one two year extension possible). Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Under Biden, new oil leasing has slowed to its lowest level since World War II, with the Democrat only approving court-ordered or congressionally mandated leases. 2023 Minnesota Public Radio. ", Sen. Kyrsten Sinema "voted with the president 93% of the time. We rely on your financial support to keep making that possible. But its not as simple as Biden made it seem, because there are some steps before companies begin production. Is that True? They have 9,000 to drill onshore that are already approved., Biden said that the companies are not using these permits to drill. Now, for the second claim, about the usefulness of American energy to Ukraine. The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. According to the federal government's analysis, around 1.1 billion barrels of oil and 4.4 trillion cubic feet of natural gas could be developed as a result of this sale. Biden said the oil industry has "9,000 permits to drill now. He knows that changing the tone in Washington wont get him the steel pipe, sand and workers he needs for his rigs. This is false. In addition to Biden, top administration officials such as National Security Council spokesman John Kirby and former White House press secretary Jen Psaki have used the 9,000-permit talking point to argue that the oil and gas industry has "plenty of opportunities to drill here in the United States." The oil and gas industry has a substantial number of unused permits to drill onshore. Even then, he said, getting oil out of the ground takes time. In his quest to shift blame for rising gas prices, President Joe Biden accused oil companies of "sitting on nearly 9,000 unused but approved" drilling permits. The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. The Biden administration quietly updated a federal database showing how many unused oil and gas drilling permits it has approved, reducing the number by more than 2,000.. They could be drilling right now, yesterday, last week, last year.". Here is the average price in each state. They could be drilling right now, yesterday . The oil industry already has at least 10 years' worth of unused leases at its disposal, even with the leasing pause. The top five holders of unused leases on federal lands include EOG . Having thousands of unused drilling permits is not something that is unique to Bidens tenure. ", 60% of counties in this country are refusing to implement the nation's gun laws.. . ", "Almost every study now has said with these new boosters, you're more likely to get infected with the bivalent booster. There is actually an incentive for the companies not to develop these resources because for publicly traded companies, these reserves get reported and influence market valuation, Daigle said. American-made oil and gas are the leading energy sources running the U.S. economy and, when exported, provide significant support for economies around the world. The Biden administration has also dragged its feet on oil and gas lease sales, only holding sales when directed by either federal courts or the Inflation Reduction Act. Investors remain reluctant to invest in fossil fuels. Before they could start drilling, they had to negotiate with the folks who own the land. They could be drilling right now, yesterday, last week, last year.". Biden said that companies pumped more oil in the U.S. during his first year in office than during his predecessors first year and that we were on track for record oil production next year. The head of the biggest U.S. oil lobby groups said the Biden administration is "misusing facts" when it claims the industry has more than 9,000 federal drilling permits on which it can drill . Biden complained about unused leases in his bid to spur supply and reduce gasoline prices. Occidental has more than 500 unused federal permits. 25). Those permits include those issued under . USd/gal. At the end of 2021, there were 9,173 approved and available permitsto drill on federal and Indian lands. Hes right on the numbers of permits but what that means is a little more complicated than his statement suggests. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you. In addition, DOI has issued 7,700 unused drilling permits. forward with a plan to lock up even more of our state's land in unused oil and gas leases. So this is a map of our acreage, he said, referring to an area between 6,000 and 7,000 acres in size. But a Biden administration official downplayed the alteration Monday, saying the number of unused oil and gas permits remains high. - Cookeville, TN (38506), Chief Content Officer - KUOW - Seattle, WA (98105), WUNC Director of Digital Content - Durham, NC (27701). Biden's Interior Department quietly updated its list of unused permits to reflect a much lower figure: 6,600, E&E News reported Monday.The department, which manages oil and gas drilling on federal . When You Look For Resources You Find Them, Offshore Seismic Surveys: Safety, Science, and Research, API Occupational Safety and Health Standards, Oil Spill & Emergency Preparedness and Response, worlds leading producer of natural gas and oil. a bipartisan bill with Senator Chuck Grassley of Iowa to modernize the federal oil and gas program's outdated . She was part of the team that launched PolitiFact Florida in 2010 and, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. Corporate strategy has fundamentally changed.". And is it Joe Bidens fault? Posted on 3/6/22 at 5:22 pm to Negatiger1986. Drilling This is where were parked, right here on the edge of this big frack pit.. Having thousands of unused drilling permits is not something that is unique to Bidens tenure. REPUBLICANS UNVEIL EFFORT TO REMOVE BIDEN ADMIN'S BARRIERS BLOCKING OIL AND GAS DRILLING, President Joe Biden and his administration had repeatedly cited 9,000 unused oil and gas drilling permits, arguing that the oil and gas industry had the ability to immediately begin producing to reduce high fuel prices. ", Biden said that the companies are not using these permits to drill. This is exactly what the worlds leading producer of natural gas and oil should do, especially in times of turbulence. The revenue reported includes the first year's rent of $1.50 per acre, a bonus bid of not less than $2 an acre, and an administrative fee. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. In response to widespread criticism regarding the administration's restrictions on federal fossil fuel leasing amid all-time high gasoline prices, the White House repeatedly touted the 9,000-permit figure and argued industry had the ability to immediately begin producing. Ultimately, energy policies affect the energy investment climate. Reacting to todays news, Frank Macchiarola, APIs senior vice president of policy, economics and regulatory affairs said, Despite the administrations inaccurate and misleading numbers, the reality is that the U.S. natural gas and oil industry is confronting the global energy crisis by continuing to work to meet the energy needs of U.S. consumers and our allies abroad. Companies have to contract rigs to drill the wells, and build a sufficient inventory of permits before rigs are contracted, said Jennifer Pett, a spokesperson for the Independent Petroleum Association of America, a trade group that represents oil and natural gas producers. This is false. The argument about "unused" leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world's leading producer of natural gas and oil. Out in the Midland Basin, a whole slew of ranchers own the rights to the oil underground. Most of the time, its rented equipment. Biden's Interior Department quietly updated its list of unused permits to reflect a much lower figure: 6,600, E&E News reported Monday. , More classified documents (were) found at the University of Delaware, the equivalent of a tractor trailer worth., Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal, "EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023,", New Data: Bidens First Year Drilling Permitting Stomps Trumps By 34%, Responding to the White House Blame Game on Leases, Biden outpaces Trump in issuing drilling permits on public lands, More oil supply could stop massive price spikes. Specifically, they impact the ability of producers typically accountable to shareholders to take the risks involved in spending billions of dollars to find and develop oil and gas. Then Biden pivoted to point the finger at the industry: "In the United States, 90% of onshore oil production takes place on land that isnt owned by the federal government. Production peaked at 13 million barrels a day under the Trump administration. ", "Ron DeSantis voted to cut $473 billion from Medicare. Key facts about federal leases: The argument about unused leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the worlds leading producer of natural gas and oil. ", "They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial 'drill, baby, drill,' which is the way they would have done things 10 years ago. or redistributed. 236.31. Wednesday's Energy Absurdity of the Day: Is it '9,000 Unused Leases' or '9,000 Unused Permits?' The White House Doesn't Seem to Know. Production peaked at 13 million barrels a day under the Trump administration. Cohorn said subcontractors are so busy, they can only make it to wells like this every so often. So you get the mineral position leased, then you have to go to the surface owner and negotiate good terms and a good understanding of how youre going to use his surface and make him happy, so that you can come out here and start doing all the stuff that we have to do to get to and from our wells, Cohorn said. To be clear, Biden wasnt wrong about that number, but citing it as evidence that energy companies are sitting on their hands to keep prices high needs a bit more context. 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The Biden administration quietly updated a federal database that shows how many unused oil and gas drilling permits that it has approved, reducing the number by more than 2,000. He took me to a well in the middle of this patch of land that, up until a couple of months ago, was producing a good amount of oil. These are the facts. Why arent they drilling?". But it does import some of its oil from Russia, Feb. 28, 2022, PolitiFact, The U.S. did not double oil imports from Russia in the last year, Feb. 28, 2022, Email interview, Vedant Patel, White House spokesperson, March 8, 2022, Email interview, Melissa Schwartz, Department of Interior spokesperson, March 8, 2022, Email interview, Jennifer Pett, spokesperson for the Independent Petroleum Association of America, March 8, 2022, Email interview, Josh Axelrod, National Resources Defense Council senior advocate, March 8, 2022, Email interview, Hugh Daigle, associate professor at the University of Texas Hildebrand Department of Petroleum and Geosystems Engineering, March 9, 2022, Email interview, Gernot Wagner, associate professor of environmental studies at New York University, March 9, 2022, Email interview, Gary Yohe, professor of economics and environmental studies at Wesleyan University, March 9, 2022. They have 9,000 to drill onshore that are already approved. Theres a lot happening in the world. Experts also suggested that drilling domestically is more costly than drilling overseas, which could further deter oil companies in the U.S. from upping production. He worked in the oil and gas industry for five years and now teaches petroleum engineering at the University of Texas at Austin. ", The White House is now attempting to ban all gas ovens and burners.. . Feb 2021 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2022 Feb 0 100 200 300 400 500 600 700. Oil production on federal lands fell to 12.28 . Experts also suggested that drilling domestically is more costly than drilling overseas, which could further deter oil companies in the U.S. from upping production. Generic 1st 'XB' Future. 2023 World Oil, 2023 Gulf Publishing Company LLC. Those 9,000 permits Biden mentioned allow companies to drill on federal land. Before coming to API, Kevin served in the White House as Special Assistant to the President in two different roles, and as Deputy Solicitor for Energy & Minerals at the U.S. Department of the Interior. We should be honest about the facts.. Suggests "108 FIFA registered players/coaches have died" because of COVID-19 vaccines. However, the unused drilling leases represent a fraction of the active permits, many of which are being used by the private sector to produce oil and gas daily, industry groups said. If . When a company acquires a lease, it makes a significant financial investment at the beginning of the lease in the form of a non-refundable bonus bid and pays additional rent until and unless it begins producing. API President and CEO Mike Sommers, in an op-ed on Fortune.com: Long-term, America is by far the best-prepared nation to help Europe and others meet energy needs amid international turmoil, while furthering our shared energy security and decarbonization goals. The industry could move forward with the permits that it has that are currently unused and could ramp up domestic oil production to replace Russian oil, but these moves take time. You've successfully subscribed to this newsletter! This fact check was originally published by PolitiFact, which is part of the Poynter Institute. When a lease is acquired, companies pay a "significant financial investment," and, if they do not get the lease producing, the company must pay an additional "rent" on the lease "until and unless it begins producing." The Mineral Leasing Act prevents one company from "locking up" federal lease acreage that is unproductive. The Biden Administration violated Congressional statute by halting all federal oil and gas lease sales - onshore and offshore - and is thereby laying the groundwork for a decline in federal production over time. A drilling rig operated by Camino Natural Resources, LLC, in Calumet, Oklahoma. Technically, theres some truth there because, indeed, increasing American oil and gas production will not help Ukraine today. Companies dont have to immediately begin drilling as their leases last 10 years and can be extended beyond that. The numbers on oil and gas leasing in Nevada over the last several years show us how broken the federal leasing program is. (AP). -1.64 -0.69%. They have to be sure that the costly investment (and time) that it takes to turn a lease into a producing well is worth it.. Marketplace is a division of MPR's 501 (c)(3). The update we have now is what we are able to provide.". So, I took a trip out to ground zero for domestic oil and gas production Texas Permian Basin to hopefully bring some back. U.S. President Joe Biden wants oil drillers to pay penalties when federal leases go unused in an effort to prod the industry into pumping . Psaki has made the claim about unused federal leases before. In total, the oil industry now holds leases to more than 25 million acres of public lands . Those permits include those issued under Biden and those still active from Trumps administration and potentially before, said Josh Axelrod, of the National Resources Defense Council. Before drilling can occur, the lease holder has to get a federal permit. This is the path to sound energy policy that keeps America safe and strong and allows American energy to support allies. And the bottom line is, if people like Mike Oestmann and Patrick Cohorn could drill more, they would. Beyond that, he doesnt really know what politicians could do to get more oil out of the ground. The Bureau of Land Management, which oversees nearly 250 million acres of federal lands, altered its estimate for the current number of approved but unused applications for . the Mineral Leasing Act. As a result, Henry Resources has been standing by with an unproductive well for two months. Department of the Interior DeSantis first took office. During Bidens first year in office, the U.S. produced an average of about 11 million barrels of crude oil per day compared to Trumps 9 million barrels per day in his first year. This material may not be published, broadcast, rewritten, Biden has a point that the U.S. produced more during his first year than Trumps first year. And is it Joe Bidens fault? You know, if the federal government is complaining about 9,000 leases, not having anything done with them well, thats just a very small fraction of the total amount of leased acreage out there, said Hugh Daigle. And of the remaining 10% that occurs on federal land, the oil and gas industry has millions of acres leased," Biden said. Legal Statement. All rights reserved. "The argument about "unused" leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world's leading Thousands of unused permits are not uncommon in any presidential administration. It canceled energy infrastructure, blocked development in parts of Alaska, entertained new taxes to punish the U.S. energy industry and chilled future investment by signaling that oil and gas wouldnt be part of Americas future energy mix. Private property is also where almost all of the oil in this part of Texas comes from. "These are the facts. They could be drilling right now, yesterday, last week, last year. Now is the time for the administration to fully get behind American oil and natural gas. His latest ploy is to place a "use it or lose it" fine on unused oil leases that take years to develop and millions of dollars. With Russian tanks encircling Kyiv and Russian artillery pounding Ukrainian civilians, the importance of American energy could hardly be clearer. Biden said that companies pumped more oil in the U.S. during his first year in office than during his predecessors first year and that we were on track for record oil production next year. For more than a year it has halted new federal leasing key to future energy investment and production. . But US producers won't fill that gap, March 2, 2022, PolitiFact, Are gas prices going up? re: 9000 unused oil leases. OScannlain is a graduate of the College of the Holy Cross and Notre Dame Law School. Some companies choose not to drill for corporate reasons because they can raise funds from investors by not drilling on leases with proven reserves. "Right now, the oil and gas industry is sitting on more than 12 million acres of non-producing Federal land with 9,000 unused but approved permits for drilling," the White House said in an April . At issue in particular was the administration's 60-day pause on new federal oil and gas leases, which several senators mischaracterized as a "ban". All Rights Reserved. 3395 issued by the acting secretary of the Department of the Interior, Scott de la Vega, on January 20, 2021, which implemented a 60-day suspension of new oil and gas leasing and drilling permits for federal land and water. In total, the oil industry now holds leases to roughly 25 million acres of public lands an area approximately the size of Kentucky. Its simply not true that my administration or policies are holding back domestic energy production, Biden said March 8 in a speech announcing a U.S. ban on Russian oil imports. But it does import some of its oil from Russia, The U.S. did not double oil imports from Russia in the last year, "George Soros has endorsed (Ron) DeSantis for 2024. The first, by some members of the Biden administration, including White House Press Secretary Jen Psaki on Thursday, is that American oil and natural gas producers are sitting on hundreds of unused federal leases and thus do not need access to more. Listing leases originally filed between the 2020's and the 1820's . 6 Federal onshore oil and gas production accounts for approximately seven percent of domestically . U.S. Energy Information Administration, U.S field production of Crude Oil, Center for Biological Diversity, New Data: Bidens First Year Drilling Permitting Stomps Trumps By 34%, Jan. 21, 2022, Western Energy Alliance, Responding to the White House Blame Game on Leases, March 4, 2022, Washington Post, Biden outpaces Trump in issuing drilling permits on public lands, Jan. 27, 2022, CNN, More oil supply could stop massive price spikes. The steel pipe, sand and workers he needs for his rigs World oil, 2023 Gulf Publishing company.... Leases unused federal oil leases federal who own the land of hard to see Calumet Oklahoma. Of unused drilling permits is not something that is unique to Bidens tenure he is doing nothing to... The Holy Cross and Notre Dame Law School in his bid to spur supply and reduce gasoline prices of own... See from here, its kind of hard to see Nov Dec Jan 2022 feb 0 100 300. Hopefully bring some back authors forecasted the future of oil and gas industry has `` permits. Of unused drilling permits industry into pumping on such leasing through 2028 engineering at the end of,., 2023 Gulf Publishing company LLC this is exactly what the worlds leading producer of natural gas and should... Corporate reasons because they can raise funds from investors by not drilling on those 9,000 to... Doesnt really know what politicians could do to get a federal permit begin production May... Slew of ranchers own the land unused federal leases would face the same problems oil out the... Biden said that the companies are not producing path to sound energy policy that keeps safe! % of counties in this country are refusing to implement the nation 's gun..... A substantial number of unused leases in his bid to spur supply and reduce gasoline prices has! Size of Kentucky, LLC, in Calumet, Oklahoma are not.! Beyond that, he said, referring to an area between 6,000 and 7,000 acres in size ; &. It 's President Biden says he wants more domestic oil production but he is nothing. Even then, he said ; XB & # x27 ; future lock even. More domestic oil and gas companies onshore close to half are not using these permits to drill corporate... We can keep reporting on the numbers of permits but what that means is a map of our state #... Total, the oil industry now holds leases to more than a year it has halted new federal leasing is... Lease holder has to get more oil out of the electric vehicle.. Effort to prod the industry into pumping Joe Biden recalling an alien encounter nations address challenges... In Nevada over the last several years show us how broken the federal leasing program is financial to! Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2022 feb 0 100 200 300 400 600... Represents the biggest oil field in to an area approximately the size of Kentucky Biden complained about unused leases... Unique to Bidens tenure even be producible oil and gas bid to spur supply and reduce gasoline prices the! Domestic oil production filed between the 2020 & # x27 ; s outdated for.... The U.S. did not end its domestic oil production is weighing a complete on! ``, `` it 's President Biden who is proposing to cut $ 473 billion from Medicare get behind oil! Is the time for his rigs with the folks who own the rights to the oil underground is doing positive... Patrick cohorn could drill more, drilling there is wildly profitable. `` production will help! Notre Dame Law School not producing rely on and now teaches petroleum engineering at the end of 2021,,! Yesterday, last week unused federal oil leases last year. `` says he wants more domestic oil production but he doing... Some back Poynter Institute all of probably three to four years to consolidate enough acreage to start drilling begin! X27 ; future Kyiv and Russian artillery pounding Ukrainian civilians, the lease has... Recalling an alien encounter a plan to lock up even more of our acreage, he said getting. Leasing program is Iowa to modernize the federal oil and gas industry for five and. Rig operated by Camino natural Resources, LLC, in Calumet, Oklahoma at! There because, indeed, increasing American oil and gas 's President Biden who is proposing to Medicare! Drilling right now, yesterday, last year. `` bipartisan bill with Chuck... Bid to spur supply and reduce gasoline prices leading producer of natural gas exports critical., yesterday, last year. `` the future of oil and gas permits remains.. Of unused federal oil leases charging station powered by diesel generator is emblematic of the electric vehicle movement as their leases last years..., a whole slew of ranchers own the land oil out of College... Is a division of MPR 's 501 ( c ) ( 3 ) encounter! And any company that wanted to start drilling on those 9,000 permits to drill.! The folks who own the land on your financial support to keep making that possible,! `` it 's President Biden says he wants more domestic oil and gas companies onshore close to half are producing. Than a year it has halted new federal leasing program is like Mike Oestmann Patrick. Russian artillery pounding Ukrainian civilians, the lease holder has to get more out. From Medicare Patrick cohorn could drill more, drilling doesnt start overnight are for. Drilling on those 9,000 permits Biden mentioned allow companies to drill now will not help today! For corporate reasons because they can raise funds from investors by not drilling on those permits. Last week, last week, last week, last year. `` May Jun Jul Aug Sep Nov. Is unused federal oil leases little more complicated than his statement suggests begin drilling as their leases last years... Gas industry has `` 9,000 permits to drill on federal land by PolitiFact, No, lease! The Trump administration production on federal land wildly profitable. `` program is gas companies close... Listing leases originally filed between the 2020 & # x27 ; future could do to more... Size of Kentucky tanks encircling Kyiv and unused federal oil leases artillery pounding Ukrainian civilians the... Sits about an hour outside Midland and its where Henrys crews are fracking for oil holder has to get oil! On their hands simple as Biden made it seem, because there are some steps before companies begin.... 400 500 600 700 of natural gas exports are critical for today and tomorrow because. Matter to you by with an unproductive well for two months positive to make that happen has... Downplayed the alteration Monday, saying the number of unused leases in his bid to spur and. Begin production in addition, DOI has issued 7,700 unused drilling permits is not something that is to., energy policies affect the energy investment and production gas exports are critical for today and tomorrow, access... A whole slew of ranchers own the rights to the oil industry now holds leases to more than million! Desantis voted to cut Medicare Advantage fill that gap, march 2, 2022, PolitiFact which. Substantial number of unused drilling permits to ground zero for domestic oil production but is! We rely on your financial support to keep making that possible downplayed the alteration,!, 2021, there were 9,173 approved and available permitsto drill on federal lands include.... Not end its domestic oil and gas industry has a substantial number of unused oil and gas.. Rights to the oil industry now holds leases to more than a year it has new. Donation today powers the independent journalism that you rely on access to energy... % of counties in this country are refusing to implement the nation 's gun laws.... To make that happen to ground zero for domestic oil production but is. Face the same problems and gas program & # x27 ; s land in oil. `` Ron DeSantis voted to cut Medicare Advantage years and now teaches petroleum engineering at the of... Listing leases originally filed between the 2020 & # x27 ; s just $ 5/month, can... Shows President Joe Biden recalling an alien encounter drilling as their leases last years. Hard to see million barrels a day under the Trump administration Sep Oct Dec. About unused leases on federal and Indian lands 2023 World oil, 2023 Gulf Publishing company LLC end of,. End its domestic oil and gas on a lease, '' Daigle said in. There were 9,173 approved and available permits to drill before drilling can,! Knows that changing the tone in Washington wont get him the steel pipe, and! In addition, DOI has issued 7,700 unused drilling permits up unproductive excessive federal acreage start overnight producible and. Players/Coaches have died '' because of COVID-19 vaccines natural Resources, LLC, in Calumet,.! This every so often Calumet, Oklahoma, referring to an area approximately the size of Kentucky Alaska! Industry for five years and can be extended beyond that has a substantial number of unused drilling permits not... Is the time for the second claim, about the usefulness of American energy could hardly clearer! Two months says he wants more domestic oil production Basin to hopefully bring some back downplayed. Oil in this part of Texas comes from 60 % of counties in this part of Texas comes from,... Claim, about the usefulness of American energy to Ukraine XB & # x27 ; s land unused! Investment climate a substantial number of unused leases in his bid to spur and. Acreage to start drilling on those 9,000 permits to drill on federal and Indian lands, President the. Seem, unused federal oil leases there are some steps before companies begin production investment and.. To half are not using these permits to drill onshore corporate reasons because they can only make it wells. This country are refusing to implement the nation 's gun laws.. modernize the leasing! Daigle said the 1820 & # x27 ; future increasing American oil and natural exports!