Summary
The Bureau of Land Management (BLM) is revising its oil and gas leasing regulations. Among other changes, the final rule implements provisions of the Inflation Reduction Act (IRA) pertaining to royalty rates, rentals, and minimum bids; updates the bonding requirements for leasing, development, and production; and revises some operating requirements. The final rule will improve the BLM's leasing process by ensuring proper stewardship of public lands and resources.
Full Title
Fluid Mineral Leases and Leasing Process
Document Type
Rule
Document Number
2024-08138
Document Citation
89 FR 30916
Action
Final rule.
Publication Date
Effective Date