Biden Administration to unveil five-year offshore leasing program in June
Thursday, May 26, 2022
The Department of Interior plans to release a proposal for a five-year offshore oil and gas leasing program with the current program set to expire on June 30, according to Natural Gas Intelligence.
Secretary of Interior Deb Haaland confirmed the DOI’s intentions before the Senate Committee on Energy and Natural Resources, saying the Trump administration had ceased working on the new leasing program, which delayed it.
Oil and gas industry advocates have warned of a potential lapse in offshore leasing that could impact production in U.S. coastal waters with the current program set to expire.
Learn more: Natural Gas Intelligence > Biden Administration Says Five-Year Offshore Leasing Program Coming in June
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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.
Will I get free natural gas if I allow fracking on my property?
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.