Search results
Results from the WOW.Com Content Network
Oil and gas rights offshore are owned by either the state or federal government and leased to oil companies for development. The tidelands controversy involve the limits of state ownership. Although oil and gas laws vary by state, the laws regarding ownership prior to, at, and after extraction are nearly universal.
April 12, 2024 at 1:52 PM. WASHINGTON (AP) — Oil and gas companies will have to pay more to drill on federal lands and satisfy stronger requirements to clean up old or abandoned wells under a ...
From 1954 to 2023, federal offshore tracts produced 21.4 billion barrels (3.4 × 10 9 m 3) of oil and 195 trillion cubic feet (5.5 × 10 12 m 3) of natural gas. In recent years, the Gulf of Mexico alone accounted for about 15% of all domestic oil production and 2% of domestic natural gas production. Despite some fluctuations due to new deep ...
Federal offshore areas withdrawn from oil and gas leasing. The United States offshore drilling debate is an ongoing debate in the United States about whether, the extent to which, in which areas, and under what conditions, further offshore drilling should be allowed in U.S.-administered waters. Oil drilling platform about two miles (3 km) off ...
(Reuters) -Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration's five-year plan to offer drilling leases in the Gulf of Mexico.
Republicans say restrictions on oil leasing imposed by the Biden administration hamper U.S. energy production and harm the economy, while Democrats tout a sweeping climate law approved last year ...
Deepwater production from the Gulf of Mexico will continue subject to close oversight and safety requirements, but deepwater drilling operations must safely come to a halt. With the BP oil spill still growing in the Gulf, and investigations and reviews still underway, a six month pause in drilling is needed, appropriate, and prudent. [6]
Fracking in the United States began in 1949. [1] According to the Department of Energy (DOE), by 2013 at least two million oil and gas wells in the US had been hydraulically fractured, and that of new wells being drilled, up to 95% are hydraulically fractured. The output from these wells makes up 43% of the oil production and 67% of the natural ...