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re: US crude output to rise to record 12.76 million bpd in 2023
Posted on 8/11/23 at 10:28 am to supatigah
Posted on 8/11/23 at 10:28 am to supatigah
quote:
quote:
there was a dramatic tightening of oil exploration on Fed lands on day one of the biden admin, the difference was made up on state and private lands and opening up the chokes on producing wells on fed lands
I read it and my comment was directed at that comment. You know fed lease sales continue (and permitting) and there is not substantial restriction. Further, there is virtually no fed lands in the EF, none in the TX permian, some in NM permian (the reg bottleneck there is the state). In Bakken most of the fed lands (and BIA) has long been leased and developed, but there was a sale in 2022 and may have been another in 2023.
So no substantial constraint.
2
Posted on 8/11/23 at 10:55 am to cwill
quote:
I read it and my comment was directed at that comment. You know fed lease sales continue (and permitting) and there is not substantial restriction. Further, there is virtually no fed lands in the EF, none in the TX permian, some in NM permian (the reg bottleneck there is the state). In Bakken most of the fed lands (and BIA) has long been leased and developed, but there was a sale in 2022 and may have been another in 2023.
So no substantial constraint.
ehhh I wouldnt go that far, the EOs were softened and not as bad as we thought they were going to be but there was a pause on new lease sales on Fed Lands in 2021. Now I agree the real world effectiveness of the EOs has not been too bad. But the tone they set in 2021 for the Energy Policy of the Biden Admin has taken some time to overcome.
As with a lot of things the Biden WH does, they lied to their supporters while campaigning about what they were going to do versus what they are doing now while in office.
Posted on 8/11/23 at 11:06 am to cwill
quote:
Further, there is virtually no fed lands in the EF, none in the TX permian, some in NM permian (the reg bottleneck there is the state).
There’s definitely a good bit of Fed Land in Permian New Mexico, especially the areas of recent horizontal programs; however, yes, over the past couple years (especially coming out of Covid shutdowns), the New Mexico State Land Office has become MUCH more difficult to work with and get things done vs the BLM Carlsbad Office, which manages Fed Lands in Permian NM.
The current NM State Land Commissioner campaigned in 2019 on no more oil & gas leasing on state lands, no more fracking, etc.
The Land Office used to have a monument of the first NM oil well displayed in front the office in downtown Santa Fe. That monument is no more. Has been removed from public display, yet the Commissioner liked to post up a banner advertising how much money her office brought in the past year. VAST majority is from oil & gas.
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