Posted on 11/25/2018 5:44:45 PM PST by Hojczyk
Another reason is the vast expanse of cheap land in this state, much of it federally owned, and some of which is now being auctioned off for as little as $2 an acre. That's a fraction of some prices in Texas, Larry says, where more competition has driven up the cost of land. In Wyoming, "we're looking at places that aren't so crowded," he says. "It's untouched fields and that's what people are most interested in."
The Trump administration has made much more of that cheap, public land available to oil and gas companies. The amount of land for lease has increased six times over since 2016. Federal agencies like the Bureau of Land Management (BLM) have also streamlined and shortened the leasing process.
"I think that makes a big difference here, and you're making it easy. It's not like there's lot of red tape and documents and paperwork to sign," Wold says.
In Wyoming, though, the surge of new oil and gas leases has been a boon. So far this year it's brought in more than $47 million, and more will flow to state coffers once the wells start producing. Nationally, BLM says it generated $360 million from oil and gas leases last year, an 86% increase from 2016.
On his well-pad in Wyoming's Power River Basin, Peter Wold thinks industry can thrive here without hurting the environment. He points to a nearby meadow, where a herd of pronghorn antelope mix with cattle, wind turbines in the background.
"We love this area, and the last thing in the world we want to do is mess it up," he says.
Wold expects to start extracting oil and gas on this spot in February. That's the same month the BLM plans to auction off another 700,000 acres of Wyoming's public land.
(Excerpt) Read more at npr.org ...
FB liberals hair on fire ping!
Now if we can get our woodlands in order and grow wood for houses instead of wood for burning out the countryside...I'd say we'd be making headway.
Imagine having a successful American businessman as President instead of a perpetually-lying Kenyan Muslim-sympathizing fraud.
Drill ourselves to energy freedom from the rest of the world.
JoMa
Oh, the humanity.
(None of which, of course, exists in NPR.)
Excellent.
Go, Trump, MAGA!
EOG resources has found over 2 billion barrels of oil and oil equivalents in the powder river basin. No sign that that number won’t go higher.
https://www.npr.org/2018/11/25/666373189/trump-push-for-energy-dominance-boosts-drilling-on-public-land?utm_medium=RSS&utm_campaign=news
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