BLM inventory finds resources heavily restricted

12/04/2006
Just 3% of federal onshore oil and 13% of onshore federal gas are currently available under standard lease terms, the US Bureau of Land Management said on Nov. 28.Access grows to 46% for oil and 60% for gas with additional restrictions, including “no surface occupancy,” the Department of the Interior agency said. But its inventory of 99 million acres of federal onshore oil and gas resources found 51% of the oil and 27% of the gas closed to leasing. The study, which was required under the Energy Policy Act of 2005, expands on one that was published in 2003 under the Energy Policy and Conservation Act of 2000.BLM said the 11 areas inventoried in the latest study include six new ...
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