Energy Independence
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1y ago
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Biden Admin Proposes New Rule To Jack Up Prices For Oil And Gas Leases
dailycaller.comThe minimum required lease bond that developers must pay would jump from $10,000 to $150,000, and the required statewide bond would spike from $25,000 to $500,000, according to the rule proposal. The rule would also raise the minimum royalty fees that developers have to pay from 12.5% to 16.67%.
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