Tuesday, April 16, 2024

""ENSURE A CLEANER ENVIRONMENT " BY GOLDILOCKS, 16 APRIL

GOLDILOCKS

Bureau of Land Management Announcement:

The Bureau of Land Management insures that fair taxpayer return and accountability for oil and gas operations are adhered to on public lands.

The BLM entered their proposal into a final rule. This final rule goes into the Federal Register and cannot be implemented no sooner than 30 days from its publication.

The Final Rule is as follows...

* The Fluid Mineral Leases and Leasing Process rule.

"This rule reinforces the BLM’s leadership role in energy development by:

1 ensuring responsible leasing and diligent development to minimize conflicts with other resources while ensuring the BLM can continue to manage public lands for multiple uses;

2 implementing key fiscal reforms, including updating royalty rates, rental rates, and minimum bids on BLM-managed public lands; and

3 modernizing bonding requirements for leasing, development, and production to ensure taxpayers do not bear the cost of orphaned wells on public lands."

As we transition into a cleaner environment, this set of rules has reached its final protocols in the oil and gas sector of our markets. It gives us a pathway forward in one of the largest sectors of our Market that needed to be transitioned on a Global scale.

Now, these updated guidelines on the infrastructure of oil and gas will allow Congress to enact new laws to guide future behavioral guidelines to ensure a cleaner environment going forward.  BLM 1  BLM 2

© Goldilocks

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