DOI Could Expedite Drilling Of Federal Land: GAO

Law360, New York (November 5, 2008, 12:00 AM EST) -- The U.S. Department of the Interior does less to encourage development of federal oil and gas leases than some state and private landowners, to the possible detriment of the nation's energy needs, according to a report issued Tuesday.

Entitled “Oil and Gas Leasing: Interior Could Do More to Encourage Diligent Development,” the Government Accountability Office's report reveals that the vast majority of the 55,000 federal oil and gas leases issued by the DOI between 1987 and 1996 expired without being drilled.

An even smaller number actually...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.