The federal government has resumed offering oil and gas lease sales on federal lands, but the announcement has received a less than enthusiastic response from an oil industry representative in Wyoming.
The acreage available for lease is 80% less than what the federal government was initially evaluating for potential leasing, and the agency has also increased royalty fees that oil and gas developers will have to pay.
“From our perspective, the announcement leaves a lot to be desired,” Pete Obermueller, president of the Petroleum Association of Wyoming, told The Center Square. “They did the bare minimum that they could do and comply with the law. They haven’t complied with the law for five consecutive quarters.”