oil and gas leases

8 Stories

Texas System Set to Overtake Harvard as Nation's Richest

University of Texas system manages millions of acres of oil-rich land

(Newser) - In the late 1800s, theTexas government donated millions of acres of land considered almost entirely worthless to fund the higher education system, believing grazing rights would bring in a little money. But oil was discovered on the west Texas land in 1923, and the following 99 years made the University...

US Report Suggest Changes in Oil and Gas Leases

Administration report calls for raising rates but not banning drilling on public land

(Newser) - The Biden administration on Friday recommended an overhaul of the nation's oil and gas leasing program to limit areas available for energy development and raise costs for oil and gas companies to drill on public land and water. The long-awaited report by the Interior Department stops short of recommending...

Biden's Move on Federal Oil and Gas Leases Blocked

Judge issues preliminary injunction pending further arguments

(Newser) - The Biden administration’s suspension of new oil and gas leases on federal land and water was blocked Tuesday by a federal judge in Louisiana who ordered that plans continue for lease sales that were delayed for the Gulf of Mexico and Alaska waters “and all eligible onshore properties....

Biden Set to Take Big Steps on Climate

Several executives actions expected Wednesday

(Newser) - President Biden is expected to make a big climate move Wednesday by halting oil and gas leasing on federal lands and waterways. The executive action, following a 60-day moratorium issued on Biden's first day in office, will order the Department of Interior to stop new oil and gas leasing...

Why Fracking Firms Love the Amish: They Don't Sue

'New Republic' reports that energy companies are taking advantage in Ohio

(Newser) - Two things can be found in abundance in eastern Ohio: Amish farms and underground shale formations that hold oil and gas. Turns out, this odd combination is great news for energy companies, reports the New Republic . They can make a fortune extracting the oil and gas through fracking, and they...

Obama to Unveil $2B Energy Research Plan

He'd shift revenue from oil and gas leases to pay for it

(Newser) - President Obama wants to get the country off of fossil fuels—using the oil companies' own money. President Obama will today unveil a plan to pump $2 billion into alternative energy research over the next decade, diverting the money from federal oil and gas leases, the New York Times reports....

US Cancels Gas, Oil Leases Near Utah Parks

Administration moves to drilling in environmentally sensitive areas

(Newser) - The Obama administration is scrapping the sales of oil and gas leases on areas of federally protected land spanning 130,000 acres in Utah, Bloomberg reports. “Those are American iconic treasures we need to make sure are being protected,” Interior Secretary Ken Salazar said today, adding that the...

Senator Blasts 'Foot-Dragging' on Protecting Polar Bear

Feds delay decision due within 1 year

(Newser) - Three months after the deadline for declaring whether polar bears are a threatened species, the Interior Department hasn't issued a ruling, and Barbara Boxer wants to know why. The influential senator said yesterday she wants Secretary Dirk Kempthorne to appear before the environment committee and “answer questions about the...

8 Stories
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