Oil companies lock in drilling, challenging Biden on climate
3 years, 11 months ago

Oil companies lock in drilling, challenging Biden on climate

Associated Press  

— In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut President-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts. In Wyoming’s Thunder Basin National Grassland, a prairie expanse that abounds with wildlife and offers hiking, fishing and hunting, oil companies EOG Resources and Devon Energy — which amassed the most federal permits this year — have permission to drill three dozen wells among fields of sage brush. By October, Vice President David Harris said the company had enough “federal drilling permits in hand that essentially cover all of our desired activity over the next presidential term.” Devon’s more than 500 permits secured this year resulted from a long-term business strategy, not a political calculation, said spokeswoman Lisa Adams. Most companies have up to two years to act on federal permits, so a one-year moratorium wouldn’t have much impact on oil supply and they could shift production to private or state-owned land, Mariani said.

History of this topic

Oil and gas companies must pay more to drill on federal lands under new Biden administration rule
8 months, 1 week ago
Oil companies offer $382M for drilling rights in Gulf of Mexico in last offshore sale before 2025
1 year ago
Companies bid $264M in Gulf oil sale mandated by climate law
1 year, 8 months ago
Approval of oil leases in New Mexico prompts legal challenge
2 years, 1 month ago
In shift, oil industry group backs federal price on carbon
3 years, 8 months ago
Biden halts oil and gas leases, permits on US land and water
3 years, 11 months ago
Oil companies lock in drilling, challenging Biden on climate
3 years, 11 months ago

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