BLM Seeks Public Comment For Oil And Gas Lease Sale In Montana And North Dakota
Government
As authorized under the Inflation Reduction Act, BLM will apply a 16.67 percent royalty rate for any new leases from this sale.
Leasing is the first step in the process to develop federal oil and gas resources. Before development operations can begin, an operator must submit an application for permit to drill detailing development plans.
The BLM reviews applications for permits to drill, posts them for public review, conducts an environmental analysis and coordinates with State partners and stakeholders.
All parcels leased as part of an oil and gas lease sale include appropriate stipulations to protect important natural resources.
The comment period ends Jan. 29, 2024.