Bureau of Land Management to Raise Oil Lease Royalties

Accidentally released plans are currently in draft form.

The Interior Department announced on Thursday that an unfinalized new royalty rate for oil and gas leases on federal lands had been published to their website prematurely. Department officials said the draft was removed so as not to have “pre-decisional draft language on their website.”

Though the statement published this week was rescinded, an updated policy is still in development and will be finalized at a later date. A report published a few months ago by the Interior Department showed that the current 12.5% royalty rate for oil and gas has been unchanged for over a century. At that time, the department noted the rate to be “out of step with modern times” and in need of an update.

As the Lord Leads, Pray with Us…

  • For Interior Secretary Haaland to seek the Lord’s wisdom as she oversees the review of the royalty rates.
  • For Bureau of Land Management officials who are evaluating and assessing the appropriate update to lease royalties.
  • For discernment for the president and his economic and environmental advisors as oil and gas policies and programs are implemented.

Sources: Department of the Interior


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