About Biden Halts Oil and Gas Leases, Permits on US Land and Water

A handful of Texas energy companies, consisting of a subsidiary of Murphy Oil, which recently said it would move its head office to Houston from Arkansas, made smaller deals. Murphy placed $5. 3 million in quotes. Agency authorities declined to comment throughout a press conference on whether holding the lease sale was encouraged by the incoming Biden administration's position on leasing federal lands and waters for oil production.

The Trump Administration Is Pushing to Sell Offshore Drilling Leases, and  It's Tanking Profits for Taxpayers – Mother Jones

This auction had been pressed back from August, officials stated, due to COVID-19 (although Yahya said the hold-up was likely an effort to await oil costs to stabilize following the governmental election). "Without commenting on proposed policy by inbound administration officials, our lease blocks are offered often times," said Kate Mac, Gregor, deputy secretary of the Department of the Interior.

dependence on more carbon-intensive coal-fired power plants. "A cost effective and trusted energy supply is necessary to a strong America," Staples stated. Environmental groups criticized the lease sale as a last-ditch effort by the Trump administration to favor the oil and gas industry instead of relocating to shift the U.S. to forms of energy that are less carbon-intensive.

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"This lease sale is pouring fuel on the flames of environment modification," stated Emma Pabst, a global warming options promote with Environment Texas. "It's gradually burning through what little time we have actually left to act." Disclosure: BP America,.

Taxpayer advocates call for oil and gas lease reform - Energy Journal -  trib.com

Kentucky Projects: Barren County, 529 Acres, 7 oil wells geared up, drilled to Fort Payne zone. 500 plus. Required reworked rod and tubing work. Production from 8 to 10 blbs. day. Additional acres available; as much as 2000 acres. Western Kentucky. 2500 Acres, 50 wells, 19 operating, producing 46 to 50 barrels of oil/day.

Lincoln County, 400 Acres, 3 shallow wells, idle 25years said to produce 5blb/day need to be revamped. West Virginia Projects: 4600Acres. 42 wells, producing oil and gas. consists of substantial Geological reports and reserve reports.  I Found This Interesting : 4000 acres. 91 wells, extensive Geologic reports, with reserve research studies, include deep formations to Utica and Marcellus development.

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80 acres with 2 to 2. 5 BOPD. 100% WI with an 80% NRI. Potential for higher production with revamping more wells on this lease. We have actually an allowed Mississippi disposal well we use with absolutely no plugging liabilities. There are several wells that require a little TLC to return into production.