Department of Interior
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The sale had 307 valid high bids worth more than $190 million.
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The $25 million is an initial grant from the recent Bipartisan Infrastructure Law passed last November.
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The three US lease auctions were the last planned under the current 5-year federal leasing plan.
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The U.S. Interior Department said it can move forward with planning for oil and gas leasing on federal lands after previous delays stemming from a court move blocking a climate accounting tool.
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The DOI guidance explains how states can apply for the first $775 million in grant funding available this year under the Bipartisan Infrastructure Law to create jobs cleaning up polluted and unsafe orphaned oil and gas wellsites across the country.
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The industry group called the decision by the court “misguided” and said it will result in significant uncertainty for Gulf of Mexico producers
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The US government has made more than $1 billion available to qualified states. The program is part of the recently passed infrastructure law.
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A federal judge tossed out the results of Sale 257, held last November, because of what it said was the government’s underestimation of the potential effect on the environment.
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The Biden administration has appealed a district court decision to restart oil and gas leasing programs in the US.
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Mississippi land no longer up for grabs, as the fed continues to postpone or cancel the sale of public parcels.
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David Bernhardt, the deputy Interior secretary, could take over as acting secretary in the interim.
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Secretary of the Interior Ryan Zinke praised America’s resource potential and regulatory framework at OTC. He also laid out his plan to review the department and signed two secretarial orders.
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