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The Interior Department rule finalized Friday raises royalty rates for oil drilling by more than one-third, to 16.67%, in accordance with the sweeping 2022 climate law approved by Congress.
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The Bureau of Land Management will tighten limits on gas flaring on federal lands and require energy companies to improve methods to detect methane leaks that add to greenhouse gas pollution.
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The decision follows an August U.S. appeals court ruling that struck down a critical approval involving the Uinta Basin Railway. The proposed 88-mile railroad line would connect oil and gas producers in rural Utah to the broader rail network and larger markets.
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The ruling is the latest development in the fight over the proposed Uinta Basin Railway, an 88-mile railroad line that would connect oil and gas producers in rural Utah to the broader rail network.
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State and local officials argue it's a good idea for domestic energy production. Critics question investing billions in oil and gas infrastructure as the country seeks to use less of the fossil fuels that worsen climate change.
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A lithium exploration proposal near Canyonlands National Park in southeast Utah has prompted concerns about how the project would affect the area’s natural landscape.
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Some Republican members of Congress are criticizing the Biden administration's recent move to withdraw hundreds of square miles of federal land in New Mexico from oil and gas development.
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On Thursday, South Dakota Gov. Kristi Noem testified before the U.S. House Committee on Natural Resources in favor of a bill that would require the Bureau of Land Management to withdraw the proposal, saying it would cause “deep devastation.”
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The proposal made on Monday by the Interior’s Bureau of Land Management would tighten limits on gas flaring on federal land and require energy companies to better detect methane leaks.
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The Utah Office of Energy Development released a report explaining why Utahns are paying more for gas.
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Inflation, supply and demand, the war in Ukraine and the ease in COVID-19 restrictions all contribute to increased gas prices.
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An Estonian oil company, Enefit, initially bought the water right to build a commercial oil shale mine and processing plant in the Uinta Basin near Vernal.