Biden Administration Aims to Overhaul Oil and Gas Leasing
The report seeks a middle ground that would continue the multi billion-dollar leasing program while reforming it to end what many officials consider overly favorable terms for the industry.
Edited by Chris Pasion
Share
The Biden administration has recommended an overhaul of the nation’s oil and gas leasing program which would limit areas available for energy development and raise costs for oil and gas companies to drill on public land and water. Officials said the report would lead to a more responsible leasing process that provides a better return to U.S. taxpayers.
According to an article by Power Engineering, the report completes a review ordered President Biden in January. The new report seeks a middle ground that would continue the multi billion-dollar leasing program while reforming it to end what many officials consider overly favorable terms for the industry.
RELATED CONTENT
-
Valves in Space
All of these valves need to be built to precise fits and finishes and to stringent performance requirements because “On a spacecraft, everything has got to work. If it breaks, you’re done.”
-
PFAS Chemicals and PTFE: Should the Valve Industry Be Concerned?
Legislation moving through Congress could affect the future use of thousands of PFAS chemicals (per- and polyfluoroalkyl). The house passed H.R. 2467 in July of 2021 and, though the bill is general in nature, it assigns the responsibility to the Environmental Protection Agency (EPA) for determining which PFAS chemicals will be controlled or banned altogether.
-
Paint & Coatings
A walk through a typical valve distributor’s warehouse will yield a contrasting view of either silver or black products.
 Unloading large gate valve.jpg;maxWidth=214)
