» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 40 | NO. 31 | Friday, July 29, 2016

US oil, gas applications could drop 40 percent

Print | Front Page | Email this story

BILLINGS, Mont. (AP) — U.S. officials say applications to drill for oil and gas on federal and Indian lands are expected to decrease 40 percent in coming years versus their historical average.

The projection comes as cheap prices have curtailed domestic energy exploration, driving down state and federal revenue.

The U.S. Bureau of Land Management on Thursday will announce a proposal for all drilling applications to be filed online, in an effort to streamline the approval process.

The move follows years of criticism from the energy sector over the Obama administration's handling of drilling applications. Industry groups say lengthy delays drive up costs.

Bureau spokeswoman Bev Winston says the move to online permitting will allow 90 percent of applications to be completed within 115 days. The average time in 2015 was 220 days.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0