Leasing Due Diligence On Federal Lands

Law360, New York (March 23, 2007, 12:00 AM EDT) -- When it comes to operating on federal lands, timing is everything. With regard to federal oil and gas lease sales, companies need regulatory certainty from the Bureau of Land Management (BLM), in terms of both the parcels listed on a lease sale (i.e. no retraction after posting) and efficient issuance of leases to successful bidders upon completion of the sale.

Companies need this regulatory certainty so that they can make and implement plans to maximize their return on investment. A company suffers whenever it cannot rely...
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