27th March 2023

WASHINGTON—The Biden administration introduced lease gross sales for oil and gasoline drilling on federal land Friday, however mentioned it might sharply cut back the acreage obtainable for leases and cost increased royalties on the oil and gasoline produced.

The Inside Division mentioned it might make roughly 144,000 acres obtainable for oil and gasoline drilling by way of a collection of lease gross sales, an 80% discount from the footprint of land that had been beneath analysis for leasing.

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