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Re: 9000 leases for pumping oil on federal lands go unused by oil companies. Why? 

By: weco1 in FFT4 | Recommend this post (2)
Wed, 09 Mar 22 7:15 AM | 20 view(s)
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Msg. 04038 of 13878
(This msg. is a reply to 04033 by oldCADuser)

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Legislate that if the leases aren't active in 5 years, they go out to bid. Shake 'em up!




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Re: 9000 leases for pumping oil on federal lands go unused by oil companies. Why?
By: oldCADuser
in FFT4
Wed, 09 Mar 22 12:41 AM
Msg. 04033 of 13878

Also, as long as you don't actually drill, the annual fee on the lease is minimal. However, once they start to do anything, the lease payments go up, but while it's still an unused lease, your competition isn't able to drill either. They take these leases to lock competitors out for a very small investment (the minuscule lease payments).


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