This significant increase will tie up capital that would otherwise be put back into production and 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. (41:24–41:31)
CLAIM
Asserts that the increased bond amounts will negatively impact smaller energy producers.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
