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Saturday, 18 April 2015

U.S. Department of Interior seeks greater revenue from onshore leases

WASHINGTON, D.C. -- Secretary of the Interior Sally Jewell has announced that the Bureau of Land Management will open a public dialogue on potential changes to federal onshore oil and gas regulations. The changes concern increasing oil and gas royalty rates, rental payments, lease sale minimum bids, civil penalty caps and financial assurances. More »

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