oil-gas-leasing · Bureau of Land Management · Published 2024-04-23 · Effective 2024-06-22 · 89 FR 30916
Document
Document number
2024-08138
Federal Register citation
89 FR 30916
CFR reference
43 CFR 3000
Type
Rule
Action
Final rule.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
2024-04-23
Effective date
2024-06-22
Interior docket
BLM_HQ_FRN_MO4500176829
Abstract
The Bureau of Land Management (BLM) is revising its oil and gas leasing regulations. Among other changes, the final rule implements provisions of the Inflation Reduction Act (IRA) pertaining to royalty rates, rentals, and minimum bids; updates the bonding requirements for leasing, development, and production; and revises some operating requirements. The final rule will improve the BLM's leasing process by ensuring proper stewardship of public lands and resources.