Biden administration recommends scaled-back ConocoPhillips Alaska oil project
Friday, February 3, 2023
Earlier this week the Biden administration recommended a scaled-back version of a significant oil drilling project in the North Slope of Alaska, according to CNBC. The move is considered a step toward approving the $8 billion Willow plan that environmental groups have condemned.
Additionally, the Interior Department’s Bureau of Land Management released an environmental analysis that suggested reducing the number of drilling sites from five to three under the project.
The project is being led by Alaska’s largest crude oil producer, ConocoPhillips. The federal government has 30 days to issue a final decision on whether the project is approved.
Learn more: CNBC > Biden administration moves toward approval for major Alaska oil drilling project
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What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
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Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.