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Oil & gas leasing prioritized over other public uses
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Journal Article
Oil & gas leasing prioritized over other public uses
2020
Overview
In January, the \"End Speculative Oil and Gas Leasing Act\" (bill S.3202) was introduced in the US Congress by Senator Catherine Cortez Masto (D-NV), in response to concerns expressed by conservation advocacy groups regarding landlease auctions by the Bureau of Land Management (BLM) yielding bids at or below the $2 per acre minimum in post-auction sales. Critics argue that speculative leasing often costs BLM time and money while generating negligible returns in energy production or revenues; in Nevada, as little as 2% of federally leased lands sup-port energy production. Cortez Masto's bill seeks to end BLM leasing of lands with little or no energy development potential. In a press release announcing the bill, she noted that, \"Since 2016, just over 9% of the land made available for oil and gas development in Nevada has actually been leased, and most of it for the minimum bid at $2 per acre. This...wastes BLM resources and 'locks up' precious areas.\"
Publisher
Ecological Society of America
Subject
