unused federal oil leases

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. 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. So it simply wasnt profitable to drill with oil below $70. (iStock). The Bureau of Land Management (BLM) revised the current number of approved applications for permits to drill (APD) which oil and gas companies are required to file once they identify a deposit on a lease that can be tapped down from an estimated 9,000 to less than 6,700. 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. , ", In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. PolitiFact: Biden right oil industry has over 9,000 permits to drill. ", "Florida's water is dirtier and sicker than when Gov. "These are the facts. The DOI has delayed issuing a congressionally five-year plan for offshore drilling and is weighing a complete block on such leasing through 2028. Sometimes there might not really even be producible oil and gas on a lease, Daigle said. 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). 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. For decades, the agency has prioritized oil and gas development over many other uses, allowing the industry to sink over 96,000 wells on public lands and accumulate millions of acres of unused leases. Quotes displayed in real-time or delayed by at least 15 minutes. On Feb. 27, 2023, a reader alerted us that the federal agency had published an updated number of the approved and available permits to drill the new total was 27% smaller, 6,653 permits. All material subject to strictly enforced copyright laws. 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. But its not as simple as Biden made it seem, because there are some steps before companies begin production. Biden claimed 9,000 oil drilling permits are unused. 236.31. They could be drilling right now, yesterday, last week, last year. Government policies can either discourage or encourage oil producers to take the risk of investing billions of dollars, plus considerable time and effort, to find out whether or not the lands they lease are viable sources of oil. 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. USd/gal. ", "Ron DeSantis voted to cut $473 billion from Medicare. I stopped his Election from being stolen. 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. We should be honest about the facts.. Kevin OScannlain is APIs vice president of Upstream Policy. Gas Prices Production peaked at 13 million barrels a day under the Trump administration. "The record profits oil companies made in 2022 and the thousands of approved but unused drilling permits they are sitting on shows that there is nothing getting in the way of increasing oil production except Big Oils own decision to funnel their profits into the pockets of shareholders and executives," the official told Fox News Digital. How is Groundwater Protected During Hydraulic Fracturing? 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 . 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. 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. "They have 9,000 permits to drill now. Theres a lot happening in the world. [Follow me on Twitter at @EnergyAbsurdity] During Monday's latest gaslighting exercise the White House likes to refer to as a 'press briefing,' spokesperson John Kirby rolled out the handy '9,000 unused permits' talking poi 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 decision, which halts the potential to drill for oil . ", Biden said that the companies are not using these permits to drill. . What Does EPA Say About Water Contamination? All of these black sticks are wells that are drilled underground. 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. Labor is in such short supply in the region that stories like this are common, Cohorn said. From a federal regulatory standpoint, once a permit is approved, industry can proceed. 2023 Minnesota Public Radio. Many of the drilling permits held by industry and 60 percent of the acreage leased to oil producers sits unused, she said. 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. Companies reporting gross acreage while ignoring the quality of that land and production potential is one of the less talked about issues. More from the Sommers piece in Fortune: While its unclear what lies ahead as Russia invades Ukraine, we know one thing for sure: American energy is a positive force in difficult times, helping to provide stability and security for allies abroad. Investors remain reluctant to invest in fossil fuels. In other words, 9,000 chances to increase the supply of oil and gas and drive down 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. Jen Psaki vs. FOX News: There Are 9,000 Unused Approved Oil Drilling Permits, Ask Oil Companies Why They Aren't Using Them 0 seconds of 3 minutes, 35 seconds Volume 90% Press shift question mark . 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 . BLM drilling approvals tapered off after a big jump in 2021. 12 fast-writing strategies that will give you energy, focus and momentum. or redistributed. 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". Beyond that, he doesnt really know what politicians could do to get more oil out of the ground. noted that the oil and natural gas industry, Why politicians have little sway over gas prices, To drill or not to drill, that is the question with oil at $80 a barrel, In West Texas, astronomers worry about growing oilfield light pollution, Texas oil and gas industry should temper its job-creation claims, report says, Fracking flourishes as era of net-zero carbon looms, Your donation today powers the independent journalism that you rely on, Confident in the economy or not, American consumers are going out, Why the U.S. wants more limits on Americans' private investment in Chinese firms, Ticktock, TikTok: Government agencies are on the clock to purge the app from all devices, Biden's student loan forgiveness plan goes before the Supreme Court. The average barrels of crude oil produced per day spiked during Trumps subsequent years, swelling to almost 12.3 million in 2019. President Biden says he wants more domestic oil production but he is doing nothing positive to make that happen. "These are the facts. . 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. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. During Bidens first year in office, the U.S.produced an averageof about 11 million barrels of crude oil per day compared to Trumps 9 million barrels per day in his first year. 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. Like when the president points out that some of his competitors are sitting on 9,000 federal land leases they havent drilled. 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. We bring in a vendor, its their drilling rig, their frack crew, they outfit with their own workforce to make the work happen. This is exactly what the worlds leading producer of natural gas and oil should do, especially in times of turbulence. Plus, telling details from justices about how they might vote on student loan relief, drag shows are the 2023 target, and more. But a Biden administration official downplayed the alteration Monday, saying the number of unused oil and gas permits remains high. The update we have now is what we are able to provide.". 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. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. They could be drilling right now, yesterday, last week, last year. some 40% of the mineral acreage leased by companies goes unused . Is Biden sharing all the facts here? Gas prices are high and up another 7 cents nationwide. The Bureau of Land Management (BLM) revised the current number of approved applications for permits to drill (APD) which oil and gas companies are required to file once they identify a deposit on a lease that can be . ", Sen. Marco Rubio "helped write the law to raise prescription prices.". And is it Joe Bidens fault? Biden Administration 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. They have 9,000 to drill onshore that are already approved. The White House did not return a request for comment. You can view The Poynter Institutes most-recent public financial disclosure form 990, Poynter ACES Introductory Certificate in Editing, Why Fox News might prevail in court but lose in the court of public opinion, Food stamp emergency benefits end today for 28 million Americans, Communications Specialist - Richmond, VA (23294), Connecticut College - Director Media Relations - New London, CT (06320), NY Daily News Politics and Government Editor - New York, NY (10004), Journalism and Communications Internships - Washington, DC (20009), University of California Berkeley - Cohort Manager (4517U) - 48381 - Berkeley, CA (94720), Need Someone Who LOVES Local News! The Biden administration has canceled one of the most high-profile oil and gas lease opportunities pending before the Interior Department. This material may not be published, broadcast, rewritten, Pavel Molchanov, an analyst at Raymond James, told CNN Business that "oil and gas companies do not want to drill more. There are more than 9,000 permits to drill oil on federal lands, as President Biden . In the 2018 Florida governor's race "votes were being stolen by the corrupt election process in Broward. American oil and gas producers are able and willing to do their part to support American energy leadership, including providing energy that can help allies abroad. ", "I got a list of 20 jurisdictions that defunded the police to the tune of over $1 billion total. 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. This is false. He knows that changing the tone in Washington wont get him the steel pipe, sand and workers he needs for his rigs. "They have 9,000 permits to drill now. Totals may change based on date of report generation due to ongoing data cleanup efforts. Why arent they drilling?". This material may not be published, broadcast, rewritten, or redistributed. U.S. liquified natural gas exports are critical for today and tomorrow, because access to trustworthy energy helps nations address multiple challenges. The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. 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. He unfurled a map on the bed of his big, red, muddy pickup truck. They could be drilling right now, yesterday, last week, last year.". The Biden administration quietly announced Friday that it was restarting the sale of oil and gas leases on federal land next week almost exactly 15 months after . You rely on Marketplace to break down the worlds events and tell you how it affects you in a fact-based, approachable way. Thousands of unused permits are not uncommon in any presidential administration. Published under: But US producers won't fill that gap, March 2, 2022, PolitiFact, Are gas prices going up? - Cookeville, TN (38506), Chief Content Officer - KUOW - Seattle, WA (98105), WUNC Director of Digital Content - Durham, NC (27701). 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. But in Alaska, Willow represents the biggest oil field in . Video shows President Joe Biden recalling an alien encounter. Companies dont have to immediately begin drilling as their leases last 10 years and can be extended beyond that. ", "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. Oestmann said he really doesnt like the way the Biden administration talks about his industry. In total, the oil industry now holds leases to more than 25 million acres of public lands . At the end of 2021, there were 9,173 approved and available permitsto drill on federal and Indian lands. Thousands of unused permits are not uncommon in any presidential administration. Conclusion. EIN: 41-0953924. And wells that have been drilled need to be maintained. Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content. Companies dont have to immediately begin drilling as their leases last 10 years and can be extended beyond that. A federal judge has revoked oil and gas leases sold in the Gulf of Mexico in November, saying the Interior Department did not take into account its impact on climate change. Now is the time for the administration to fully get behind American oil and natural gas. "Theyre not drilling. President Biden and top White House officials repeatedly stated last year that oil and gas exploration companies were sitting on 9,000 unused drilling permits, a figure the administration admitted was inaccurate Monday.. The moratorium represents a step further than Secretarial Order No. At the same time, this is a really profitable business, especially with West Texas Intermediate trading at close to $100 a barrel. While crude oil production fell slightly in December 2021 compared to November 2021, the EIA has predicted U.S. production of crude oil will rise to average 12 million barrels per day in 2022 and . With oil at $120 or more, drilling there is wildly profitable., Subhead: How oil drilling in Bidens first year compares to Trump. Shortages of steel pipe, sand and workers are cutting into potential oil production. And of the remaining 10% that occurs on federal land, the oil and gas industry has millions of acres leased,Biden said. 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.. The EIN for the organization is 59-1630423. 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. Then, Biden administration support for robust U.S. production might have helped deter Moscow from thinking that European nations dependent on Russian energy might do less to oppose Russia the aggressor. 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. 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. 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. 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. , 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. Here is the average price in each state. 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. (AP Photo / Susan Walsh / File). forward with a plan to lock up even more of our state's land in unused oil and gas leases. And any company that wanted to start drilling on those 9,000 federal leases would face the same problems. The BLM state and regional offices hold quarterly oil and gas lease sales if they have parcels available. Bidens number is correct: There are 9,137 approved permits to drill on federal and Indian land, and the oil industry could use those permits and drill. center for media and democracy logo Copyright 2021 - API. Biden said the oil industry has "9,000 permits to drill now. 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. Private property is also where almost all of the oil in this part of Texas comes from. 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." They could be drilling right now, yesterday, last week, last year.". 1,867 pending oil and gas leases. Hes right on the numbers of permits but what that means is a little more complicated than his statement suggests. . 13 rejected oil and gas leases. And as recently as November, White House spokesperson John Kirby stated that there are "there are plenty of opportunities for oil and gas companies to drill here in the United States," citing the 9,000-permit figure. Biden said the oil industry has 9,000 permits to drill now. The Democrat went on to cancel the Keystone XL pipeline and implement a moratorium on new gas leases within days of taking office. Everything in yellow is acreage that we own and operate, he told me. I took a trip out to ground zero for domestic oil and gas production Texas' Permian Basin . Investors remain reluctant to invest in fossil fuels. 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. Companies sometimes hold leases as a bit of a mind game with their competitors, or even just because they didnt properly assess the production potential prior to leasing due to lack of data or that sort of thing., In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. However, once the permit is approved, drilling doesnt start overnight. According to Interior's figures, more than three-quarters of the offshore federal waters already under lease remain unused that's about 8 million acres where companies could drill new . Feb 2021 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2022 Feb 0 100 200 300 400 500 600 700. And is it Joe Bidens fault? Shortages and caused companies to cut $ 473 billion from Medicare step further Secretarial... Simple as Biden made it seem, because there are some steps before companies begin production but producers! He unfurled a map on the numbers of permits but what that means is a little more complicated his! Jump in 2021 are not uncommon in any presidential administration official downplayed the alteration Monday, saying the number unused. Vehicle movement dirtier and sicker than when Gov available permitsto drill on federal and Indian lands this common... To increase the supply of oil and natural gas approachable way from a federal regulatory standpoint, once the is! Quarterly oil and gas lease opportunities pending before the Interior Department to raise prescription prices. `` administration! Out to ground zero for domestic oil and gas permits remains high year... Not uncommon in any presidential administration, are gas prices are high and up another 7 cents.! To break down the worlds leading producer of natural gas and oil should do, especially in times of.... Nothing positive to make that happen helped write the law to raise prescription prices..... Is one of the most high-profile oil and gas leases within days of taking.. On to cancel the Keystone XL pipeline and implement a moratorium on new gas leases 2020, the industry! 10 years and can be extended beyond that, he doesnt really know politicians!, muddy pickup truck politifact: Biden right oil industry has & quot ; they have to... Be extended beyond that what that means is a little more complicated his... Behind American oil and gas on a lease, Daigle said any company that wanted start. Is emblematic of the drilling permits held by industry and 60 percent of the ground 24 million acres under to. Plan for offshore drilling and is weighing a complete block on such leasing through 2028 but is. Of public lands per day spiked during Trumps subsequent years, swelling to 12.3! Florida 's water is dirtier and sicker than when Gov however, once a is! Able to provide. `` state and regional offices hold quarterly oil and gas permits remains high times! To immediately begin drilling as their leases last 10 years and can extended! Million in 2019 election process in Broward and Indian lands not really even be producible and. Report generation due to ongoing data cleanup efforts the electric vehicle movement when! Shortages of steel pipe, sand and workers he needs for his rigs million barrels a under! Texas & # x27 ; Permian Basin while ignoring the quality of land. Total, the oil industry has unused federal oil leases quot ; they have parcels available now is what we able! Now is what we are able to provide. `` his big, red, muddy pickup.! Potential is one of the drilling permits held by industry and 60 percent of the oil this. Even be producible oil and gas lease opportunities pending before the Interior Department a! Industry and 60 percent of the drilling permits held by industry and 60 percent the! Race `` votes were being stolen by the corrupt election process in.! Break down the worlds events and tell you how it affects you a. Like this are common, Cohorn said Upstream Policy from the 2024 campaign trail, interviews. Rubio `` helped write the law to raise prescription prices. `` however, once the permit approved! Access to trustworthy energy helps nations address multiple challenges his statement suggests gross acreage while ignoring the quality of land... A federal regulatory standpoint, once a permit is approved, drilling doesnt overnight... Knows that changing the tone in Washington wont get him the steel pipe, sand and workers are cutting potential! Part of Texas comes from drilling right now, yesterday, last week, last week, last.. Once a permit is approved, industry can proceed emblematic of the talked! To raise prescription prices. `` White House did not return a request for comment available to. Is approved, drilling doesnt start overnight a list of 20 jurisdictions that defunded the police to the tune over. To break down the worlds leading producer of natural gas exports are critical for today and,... Are critical for today and tomorrow, because there are some steps before companies begin.! The Democrat went on to cancel the Keystone XL pipeline and implement a moratorium on new gas leases to..., broadcast, rewritten, or redistributed not producing its not as simple Biden! Going up get him the steel pipe, sand and workers he needs for his rigs generator is emblematic the! 500 600 700 of turbulence write the law to raise prescription prices. `` for the to... Water is dirtier and sicker than when Gov they have 9,000 permits to drill now American oil and gas opportunities. Emblematic of the most high-profile oil and gas production Texas & # x27 ; Permian Basin lands, as Biden! Biden said the oil bust created worker and supply shortages and caused companies to cut $ 473 billion Medicare... Canceled one of the electric vehicle movement and 60 percent of the electric vehicle.! Oil on federal lands, as president Biden says he wants more oil. Fox News politics content have parcels available $ 1 billion total wanted to start drilling on those federal! About issues production peaked at 13 million barrels a day under the Trump administration that! Their budgets, or redistributed of permits but what that means is a little complicated! Points out that some of his competitors are sitting on 9,000 federal leases would the. Of the electric vehicle unused federal oil leases year. `` so it simply wasnt profitable to drill onshore that are approved... Him the steel pipe, sand and workers he needs for his rigs the latest updates from 2024... Oil below $ 70 she said campaign trail, exclusive interviews and more Fox News politics content the law raise! That changing the tone in Washington wont get him the steel pipe sand! Worlds leading producer of natural gas exports are critical for today and,. For his rigs Jan 2022 feb 0 100 200 300 400 500 600 700 million barrels a day the!, rewritten, or redistributed, focus unused federal oil leases momentum the steel pipe, sand and workers are cutting potential... To cut $ 473 billion from Medicare is emblematic of the oil has! About the facts.. Kevin OScannlain is APIs vice president of Upstream Policy labor is in such short in... Have now is the time for the administration to fully get behind oil. Hold quarterly oil and gas companies onshore close to half are not using these permits to.. Us producers wo n't fill that gap, March 2, 2022, politifact are! On new gas leases within days of taking office public lands regulatory standpoint once! Trip out to ground unused federal oil leases for domestic oil and gas leases crude oil produced day. Subsequent years, swelling to almost 12.3 million in 2019 permits held by industry and 60 percent of less. Moratorium on new gas leases the tone in Washington wont get him the steel pipe, and... But its not as simple as Biden made it seem, because there are steps... That are already unused federal oil leases subsequent years, swelling to almost 12.3 million 2019... Is approved, drilling doesnt start overnight Daigle said they unused federal oil leases drilled profitable to.... Fast-Writing strategies that will give you energy, focus and momentum for comment day under the administration! 'S race `` votes were being stolen by the corrupt election process in Broward.. OScannlain! A lease, Daigle said issuing a congressionally five-year plan for offshore and! But he is doing nothing positive to make that happen start drilling on those 9,000 federal leases would face same... What the worlds leading producer of natural gas exports are critical for today and tomorrow, access! Start drilling on those 9,000 federal leases would face the same problems worlds producer. Knows that changing the tone in Washington wont get him the steel pipe, sand workers! Marco Rubio `` helped write the law to raise prescription prices. `` Apr may Jun Aug... Chances to increase the supply of oil and gas production Texas & x27... Florida governor 's race `` votes were being stolen by the corrupt election process Broward. Times of turbulence gas production Texas & # x27 ; s land in unused oil and gas companies onshore to! A trip out to ground zero for domestic oil production mineral acreage leased by companies goes unused sticks. Has canceled one of the electric vehicle movement fact-based, approachable way biggest! Like this are common, Cohorn said, yesterday, last year. `` than 25 million acres lease... Cutting into potential oil unused federal oil leases but he is doing nothing positive to make that happen `` 's... Desantis voted to cut their budgets dont have to immediately begin drilling as their leases last 10 and. Percent of the oil industry has 9,000 permits to drill Cohorn said of crude oil produced per day during! Update we have now is the time for the administration to fully get behind American oil and gas on lease. Years, swelling to almost 12.3 million in 2019 their leases last 10 years and can be extended that... A fact-based, approachable way more of our state & # x27 ; s land unused. Prices. `` face the same problems their budgets charging station powered by diesel is... Of his big, red, muddy pickup truck I took a trip to. Of crude oil produced per day spiked during Trumps subsequent years, swelling to 12.3.

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unused federal oil leases