Drill baby drill. Millions brought in with leases on public land.
In the first three months of the Trump administration, $40 million dollars in lease permits were granted on public land.
The leases have a one-decade lifespan and “as long thereafter as there is production of oil and gas in paying quantities.”
The feds will are also entitled to a 16.67% royalty.
What question on fracking isn’t being asked. You support fracking on Federal land? Both major candidates are now saying that they support fracking. But no ones asking the tough question. Do you support fracking on federal land, and will you issue new permits?
The following article outlines federal land data for all 50 states. An overview of federal land policy and how federal land is managed can be accessed here.
The federal government owns around 620 million acres of land (about 27 percent) of the 2.27 billion acres of land in the United States. Around 92 percent of federally owned acres are in 12 Western states.
