The Bureau of Land Management seeks comments on oil and gas regulations
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GRAND JUNCTION, Colo. — In support of President Donald J. Trump’s America-First Energy Strategy, the Bureau of Land Management (BLM) published in the Federal Register proposed revisions to three key oil and gas production reporting regulations, which kicks off a 60-day public comment period.
The proposed regulations are designed to reduce burdensome bureaucracy, duplicative recordkeeping and redundant measurement requirements, while ensuring that taxpayers receive all royalties owed from oil and gas produced on Federal and Tribal lands, as a result of accurate measurement, which the new regulations ensure.
In addition, the BLM will host virtual public information meetings where the agency will be available to answer clarifying questions regarding the regulations up to four hours per session. Please follow the below links for more information and to register for a session:
- Session 1 (Sept. 29, 2020 at 11am. MT): https://blm.zoomgov.com/webinar/register/WN_ENAmvwmnRc2rvUDo0QA9VA
- Session 2 (Sept. 30, 2020 at 1 p.m. MT): https://blm.zoomgov.com/webinar/register/WN_Ji6w_WDXQzGpdd7DDDJf7Q
- Session 3 (Oct. 1, 2020 at 2 p.m. MT): https://blm.zoomgov.com/webinar/register/WN_cZPKyNxtSfOOuKM2Yb17Dw
In total, oil and gas development on BLM-managed lands supported more than 300,000 jobs and contributed $71.5 billion in output to the U.S. economy in fiscal year 2018. To protect jobs and facilitate reliable energy production, the agency will ensure accurate measurement and reporting of production, while also reducing unnecessary and burdensome requirements. Oil and gas measurement performance requirements were updated to accurately account for production volumes and avoid the risk to mismeasurement. Updates are also necessary because smaller operators were disproportionately impacted by the previous, overly burdensome regulations.
The BLM manages more than 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. Our mission is to sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.