E&Ps Fret Over Impacts of Leasing Freeze

摘要

Oil and natural gas companies in the US are scrambling to understand what President Joe Biden’s effective pause on new leasing and permitting in federal lands and waters means for their ability to operate going forward. On Thursday, barely 24 hours after Biden’s inauguration, the US Department of the Interior issued an order that suspends the authority for any staff below the assistant secretary level to issue “any onshore or offshore fossil fuel authorization” including leases, lease revisions, extensions, or permits to drill for 60 days (related).