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The Biden administration is resuming oil leases on federal land

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WASHINGTON — The Biden administration on Friday announced lease sales for oil and gas wells on federal land, but said it would sharply reduce the acreage available for leases and charge higher royalties on the oil and gas produced.

The Interior Department announced it would make some 144,000 acres available for oil and gas drilling through a series of lease sales, an 80 percent reduction in the area of ​​land that had been assessed for lease.

https://www.wsj.com/articles/biden-administration-resumes-oil-leases-on-federal-land-11650053812?mod=pls_whats_news_us_business_f The Biden administration is resuming oil leases on federal land

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