… is unjustifiable, as there are only 37 orphaned oil and gas wells on BLM managed lands. These increases will impact smaller producers who can't afford to operate in the market. These additional fees will ultimately harm returns and reduce revenues to state and local governments by disincentivizing development on federal lands. The rule also introduces the idea of using preference criteria to inform the BLM selection of lands for lease sales. (41:30–41:38)
CLAIM
Asserts that the additional fees will harm returns and reduce revenues to state and local governments.
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