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Deseret News

New leases for oil, gas plummet under Biden-Harris. Will the future hold more of the same?

Deseret News
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77% Informative

Kamala Harris said she has no intention of banning fracking in the U.S. Vice President Joe Biden's administration banned new oil and gas drilling on public lands and waters.

The Western Energy Alliance says the administration has failed to hold quarterly gas lease sales as required under law.

A judge tossed the lawsuit to overturn the ban by August 2022 .

The oil and gas industry held more than 34,000 leases on public lands, covering more than 23.7 million acres .

The Bureau of Land Management increased bonding requirements and revamped pricing by a significant amount, hiked the minimum royalty rates and increased the minimum bid per acre from $2 to $10 .