Marketplace is a division of MPR's 501 (c)(3). The time for helping Ukraine with American energy was months ago. One of PolitiFacts longstanding principles is to rate fact-checks based on evidence available at the time. Jen Psaki vs. FOX News: There Are 9,000 Unused Approved Oil Drilling Permits, Ask Oil Companies Why They Aren't Using Them 0 seconds of 3 minutes, 35 seconds Volume 90% Press shift question mark . White House, Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal, March 8, 2022, U.S. Energy Information Administration, "EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023," Jan. 11, 2022, Bureau of Land Management, Applications for permits to drill, December 2021. I sent in the FBI and the U.S. Those permits include those issued under Biden and those still active from Trumps administration and potentially before, said Josh Axelrod, of the National Resources Defense Council. The Biden administration quietly updated a federal database showing how many unused oil and gas drilling permits it has approved, reducing the number by more than 2,000.. When You Look For Resources You Find Them, Offshore Seismic Surveys: Safety, Science, and Research, API Occupational Safety and Health Standards, Oil Spill & Emergency Preparedness and Response, worlds leading producer of natural gas and oil. Biden complained about unused leases in his bid to spur supply and reduce gasoline prices. Biden Administration A crew of roughnecks were on a platform sending metal pipes down the well to try to get it unclogged. "Sometimes there might not really even be producible oil and gas on a lease," Daigle said. API President and CEO Mike Sommers, in an op-ed on Fortune.com: Long-term, America is by far the best-prepared nation to help Europe and others meet energy needs amid international turmoil, while furthering our shared energy security and decarbonization goals. ", "It's President Biden who is proposing to cut Medicare Advantage. Oil and gas companies can raise funds from investors by not drilling on leases with proven reserves, said Hugh Daigle, an associate professor at the University of Texas Hildebrand Department of Petroleum and Geosystems Engineering. Companies reporting gross acreage while ignoring the quality of that land and production potential is one of the less talked about issues. There is actually an incentive for the companies not to develop these resources because for publicly traded companies, these reserves get reported and influence market valuation, Daigle said. And of the remaining 10% that occurs on federal land, the oil and gas industry has millions of acres leased,Biden said. "They have 9,000 permits to drill now. Hes the CEO of a company called Tall City Exploration III. But its not as simple as Biden made it seem, because there are some steps before companies begin production. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. In addition, DOI has issued 7,700 unused drilling permits. The president suggested the onus is on the industry to start drilling. The Biden administration quietly updated a federal database that shows how many unused oil and gas drilling permits that it has approved, reducing the number by more than 2,000.. According to E&E News, President Joe Biden over the past year has stressed that companies hold 9,000 permits to drill on public lands sitting unused. "They have to be sure that the costly investment (and time) that it takes to turn a lease into a producing well is worth it.". Production peaked at 13 million barrels a day under the Trump administration. I stopped his Election from being stolen. Its simply not true that my administration or policies are holding back domestic energy production, Biden said March 8 in a speech announcing a U.S. ban on Russian oil imports. Labor is in such short supply in the region that stories like this are common, Cohorn said. Listing leases originally filed between the 2020's and the 1820's . She was part of the team that launched PolitiFact Florida in 2010 and, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. Kevin OScannlain is APIs vice president of Upstream Policy. Investors remain reluctant to invest in fossil fuels. Sign up for the daily Marketplace newsletter to make sense of the most important business and economic news. More classified documents (were) found at the University of Delaware, the equivalent of a tractor trailer worth., Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal, "EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023,", New Data: Bidens First Year Drilling Permitting Stomps Trumps By 34%, Responding to the White House Blame Game on Leases, Biden outpaces Trump in issuing drilling permits on public lands, More oil supply could stop massive price spikes. "While the cost to extract one barrel in Saudi Arabia is somewhere around $10 or $15, in West Texas it can be as high as $70," Gernot Wagner, an associate professor of environmental studies at New York University, told PolitiFact. Quotes displayed in real-time or delayed by at least 15 minutes. American-made oil and gas are the leading energy sources running the U.S. economy and, when exported, provide significant support for economies around the world. If . Even then, he said, getting oil out of the ground takes time. The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. "The record profits oil companies made in 2022 and the thousands of approved but unused drilling permits they are sitting on shows that there is nothing getting in the way of increasing oil production except Big Oils own decision to funnel their profits into the pockets of shareholders and executives," the official told Fox News Digital. Those permits include those issued under . The moratorium represents a step further than Secretarial Order No. In other words, 9,000 chances to increase the supply of oil and gas and drive down prices. . District of Columbia In his quest to shift blame for rising gas prices, President Joe Biden accused oil companies of "sitting on nearly 9,000 unused but approved" drilling permits. "While the cost to extract one barrel in Saudi Arabia is somewhere around $10 or $15, in West Texas it can be as high as $70," Gernot Wagner, an associate professor of environmental studies at New York University, told PolitiFact. Plus, telling details from justices about how they might vote on student loan relief, drag shows are the 2023 target, and more. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. Washington, DC For perspective, Doug Ackerman, President of the New Mexico Oil and Gas Association, said it takes upwards of 12 months to get the 30-50 permits required to drill a single well during a House Natural Resources subcommittee hearing earlier this month. That's enough to last the industry another 10 years, by one estimate . Key facts about federal leases: The argument about unused leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the worlds leading producer of natural gas and oil. [9] As a result, the moratorium on new leases will not impact the production of oil and gas in the short term as drilling will likely . Why is fracking for natural gas important? President Biden strongly encouraged made-in-the-USA production during his State of the Union address this week but omitted home-grown oil and gas. , Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content. In response to widespread criticism regarding the administration's restrictions on federal fossil fuel leasing amid all-time high gasoline prices, the White House repeatedly touted the 9,000-permit figure and argued industry had the ability to immediately begin producing. It suggests American producers have been motivated by a desire to manipulate the market during the current crisis in Europe. ", We asked federal officials for an updated figure for 2021, and Interior Department spokesperson Melissa Schwartz said the agency has "no way to capture that since the discrepancy was found at the end of last year. All last summer, the administration called on OPEC+, the oil cartel, to increase its production more rapidly in the face of rising energy costs, bypassing American producers. Through it all, Marketplace is here for you. Those permits include those issued under Biden and those still active from Trumps administration and potentially before, said Josh Axelrod, of the National Resources Defense Council. 13 rejected oil and gas leases. Biden's Interior Department quietly updated its list of unused permits to reflect a much lower figure: 6,600, E&E News reported Monday.The department, which manages oil and gas drilling on federal . The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. A shale well, for example, could cost about $7 million to drill. However, once the permit is approved, drilling doesnt start overnight. Biden again reiterated that there are 9,000 unused oil drilling permits on federal lands, and called on Congress to make oil companies pay fees on wells from leases that they "haven't used in years and on acres of public . Having thousands of unused drilling permits is not something that is unique to Bidens tenure. This fact check was originally published by PolitiFact, which is part of the Poynter Institute. They could be drilling right now, yesterday, last week, last year.". They have 9,000 to drill onshore that are already approved. Oestmann said he really doesnt like the way the Biden administration talks about his industry. . order signed by President Biden shortly after taking office did "direct the Department of the Interior to pause new oil and natural gas leasing on public lands and offshore waters, concurrent with a comprehensive review of the federal oil and gas program." . American Petroleum Institue February 27, 2023. The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. He worked in the oil and gas industry for five years and now teaches petroleum engineering at the University of Texas at Austin. Biden said the oil industry has 9,000 permits to drill now. ", "(Ron) DeSantis' bill would remove: background checks, instruction, training and oversight. This is false. They have 9,000 permits to drill now. Private property is also where almost all of the oil in this part of Texas comes from. Developing a lease takes years and substantial effort to determine whether the underlying geology holds commercial quantities of oil and/or gas. They have to be sure that the costly investment (and time) that it takes to turn a lease into a producing well is worth it.. But its not as simple as Biden made it seem, because there are some steps before companies begin production. And the bottom line is, if people like Mike Oestmann and Patrick Cohorn could drill more, they would. Market data provided by Factset. a bipartisan bill with Senator Chuck Grassley of Iowa to modernize the federal oil and gas program's outdated . Oil production on federal lands fell to 12.28 million barrels per day in November, the latest month with data. BLM drilling approvals tapered off after a big jump in 2021. So this is a map of our acreage, he said, referring to an area between 6,000 and 7,000 acres in size. (AP). T he Interior Department revised down its estimate of the total number of unused federal drilling permits, which the Biden administration used much of last year as a . Ive Heard that Hydraulic Fracturing is Linked to Cancer. The president suggested the onus is on the industry to start drilling. The industry could move forward with the permits that it has that are currently unused and could ramp up domestic oil production to replace Russian oil, but these moves take time. The president suggested the onus is on the industry to start drilling. However, the unused drilling leases represent a fraction of the active permits, many of which are being used by the private sector to produce oil and gas daily, industry groups said. So, I took a trip out to ground zero for domestic oil and gas production Texas Permian Basin to hopefully bring some back. Companies dont have to immediately begin drilling as their leases last 10 years and can be extended beyond that. He took me to a well in the middle of this patch of land that, up until a couple of months ago, was producing a good amount of oil. But it does import some of its oil from Russia, Feb. 28, 2022, PolitiFact, The U.S. did not double oil imports from Russia in the last year, Feb. 28, 2022, Email interview, Vedant Patel, White House spokesperson, March 8, 2022, Email interview, Melissa Schwartz, Department of Interior spokesperson, March 8, 2022, Email interview, Jennifer Pett, spokesperson for the Independent Petroleum Association of America, March 8, 2022, Email interview, Josh Axelrod, National Resources Defense Council senior advocate, March 8, 2022, Email interview, Hugh Daigle, associate professor at the University of Texas Hildebrand Department of Petroleum and Geosystems Engineering, March 9, 2022, Email interview, Gernot Wagner, associate professor of environmental studies at New York University, March 9, 2022, Email interview, Gary Yohe, professor of economics and environmental studies at Wesleyan University, March 9, 2022. Editors note, Feb. 28, 2023: This fact-check of President Joe Bidens statement in March 2022 was based on available data at the time from the Bureau of Land Management. They exist. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you. Douglas Holtz-Eakin, an economist and president of the American Action Forum, a center-right think tank, said firms are trying to assess the durability of the global rebound. White House, Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal, March 8, 2022, U.S. Energy Information Administration, "EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023," Jan. 11, 2022, Bureau of Land Management, Applications for permits to drill, December 2021. ", The White House is now attempting to ban all gas ovens and burners.. The head of the biggest U.S. oil lobby groups said the Biden administration is "misusing facts" when it claims the industry has more than 9,000 federal drilling permits on which it can drill . AP Photo/Matthew Brown, File. Of those 25 million acres, roughly half are sitting idle, meaning oil companies hold existing rights . Wednesday's Energy Absurdity of the Day: Is it '9,000 Unused Leases' or '9,000 Unused Permits?' The White House Doesn't Seem to Know. ", "Almost every study now has said with these new boosters, you're more likely to get infected with the bivalent booster. But in Alaska, Willow represents the biggest oil field in . Those permits . According to the federal government's analysis, around 1.1 billion barrels of oil and 4.4 trillion cubic feet of natural gas could be developed as a result of this sale. Suggests "108 FIFA registered players/coaches have died" because of COVID-19 vaccines. "Sometimes there might not really even be producible oil and gas on a lease," Daigle said. "Producers also have to put a drilling plan together, secure rights of way and work with state and private landowners," Pett said. The BLM, a subagency of the Department of the Interior (DOI), blamed the revision on a Trump-era technical change that it hadn't properly accounted for. The industry could move forward with the permits that it has that are currently unused and could ramp up domestic oil production to replace Russian oil, but these moves take time. March 2, 2021, PolitiFact, No, the U.S. did not end its domestic oil production. Published under: Then Biden pivoted to point the finger at the industry: "In the United States, 90% of onshore oil production takes place on land that isnt owned by the federal government. They could be drilling right now, yesterday, last week, last year.". Is that True? It sits about an hour outside Midland and its where Henrys crews are fracking for oil. 2023 Minnesota Public Radio. With oil at $120 or more, drilling there is wildly profitable.". Before drilling can occur, the lease holder has to get a federal permit. Biden said the oil industry has "9,000 permits to drill now. 1800 I Street NW But US producers won't fill that gap, March 2, 2022, PolitiFact, Are gas prices going up? Companies have to contract rigs to drill the wells, and build a sufficient inventory of permits before rigs are contracted, said Jennifer Pett, a spokesperson for the Independent Petroleum Association of America, a trade group that represents oil and natural gas producers. Investors remain reluctant to invest in fossil fuels. Producers also have to put a drilling plan together, secure rights of way and work with state and private landowners, Pett said. Before drilling can occur, the lease holder has to get a federal permit. In total, the oil industry now holds leases to more than 25 million acres of public lands . Biden said that companies pumped more oil in the U.S. during his first year in office than during his predecessors first year and that we were on track for record oil production next year. Powered and implemented by FactSet Digital Solutions. "Companies sometimes hold leases as a bit of a mind game with their competitors, or even just because they didnt properly assess the production potential prior to leasing due to lack of data or that sort of thing. They could be drilling right now, yesterday, last week, last year. It took us all of probably three to four years to consolidate enough acreage to start drilling to begin with, he said. Here's why: President Joe Biden said that his policies have not made the U.S. less equipped to withstand the impact of the ban on Russian energy imports. Occidental has more than 500 unused federal permits. Having thousands of unused drilling permits is not something that is unique to Bidens tenure. The argument about "unused" leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world's leading producer of natural gas and oil. Bidens number is correct: There are 9,137 approved permits to drill on federal and Indian land, and the oil industry could use those permits and drill. The oil and gas industry has stockpiled millions of acres of leases on public lands and waters. A federal judge has revoked oil and gas leases sold in the Gulf of Mexico in November, saying the Interior Department did not take into account its impact on climate change. He contended that the onus is on U.S. oil and gas companies that have permits to begin drilling, but havent started. More: Gas prices are high and up another 7 cents nationwide. Like when the president points out that some of his competitors are sitting on 9,000 federal land leases they havent drilled. Most of the time, its rented equipment. Were a company running two rigs. "So it simply wasnt profitable to drill with oil below $70. ", Biden said that the companies are not using these permits to drill. For federal onshore, the Mineral Leasing Act prevents any one company from locking up unproductive excessive federal acreage. President Joe Biden. The number of "approved oil leases" (presumably Federal mineral leases) is not an answer to that question. The lengthy process to develop them from a lease often is extended by administrative and legal challenges at every step along the way. When a lease is acquired, companies pay a "significant financial investment," and, if they do not get the lease producing, the company must pay an additional "rent" on the lease "until and unless it begins producing." The Mineral Leasing Act prevents one company from "locking up" federal lease acreage that is unproductive. It is republished here with permission. Brent crude hit $139 per barrel on March 7, and some traders are even betting that oil will reach $200 per barrel by the end of the month. Legal Statement. You know, if the federal government is complaining about 9,000 leases, not having anything done with them well, thats just a very small fraction of the total amount of leased acreage out there, said Hugh Daigle. When a company acquires a lease, it makes a significant financial investment at the beginning of the lease in the form of a non-refundable bonus bid and pays additional rent until and unless it begins producing. They could be drilling right now, yesterday, last week, last year. Then again, do Fox News viewers care? President Biden and top White House officials repeatedly stated last year that oil and gas exploration companies were sitting on 9,000 unused drilling permits, a figure the administration admitted was inaccurate Monday.. There are more than 37,496 active oil and gas leases nationwide, meaning more than 75% are in use, according to the latest Bureau of Land Management (BLM) data. ", "I got a list of 20 jurisdictions that defunded the police to the tune of over $1 billion total. ", While it was already established that this claim is misleading, new reporting reveals that the underlying number isnt even accurate. So it simply wasnt profitable to drill with oil below $70. But it does import some of its oil from Russia, Feb. 28, 2022, PolitiFact, The U.S. did not double oil imports from Russia in the last year, Feb. 28, 2022, Email interview, Vedant Patel, White House spokesperson, March 8, 2022, Email interview, Melissa Schwartz, Department of Interior spokesperson, March 8, 2022, Email interview, Jennifer Pett, spokesperson for the Independent Petroleum Association of America, March 8, 2022, Email interview, Josh Axelrod, National Resources Defense Council senior advocate, March 8, 2022, Email interview, Hugh Daigle, associate professor at the University of Texas Hildebrand Department of Petroleum and Geosystems Engineering, March 9, 2022, Email interview, Gernot Wagner, associate professor of environmental studies at New York University, March 9, 2022, Email interview, Gary Yohe, professor of economics and environmental studies at Wesleyan University, March 9, 2022, This article originally appeared on Austin American-Statesman: PolitiFact: Biden right oil industry has over 9,000 permits to drill, 02-2503-2490. Before drilling can occur, the lease holder has to get a federal permit. "Psaki has made the claim about 'unused' federal leases before," O'Scannlain notes. With Russian tanks encircling Kyiv and Russian artillery pounding Ukrainian civilians, the importance of American energy could hardly be clearer. "There are 9,000 unused approved drilling permits," former White House Press Secretary Jen Psaki told reporters last March. According to Interior's figures, more than three-quarters of the offshore federal waters already under lease remain unused that's about 8 million acres where companies could drill new . All rights reserved. We should be honest about the facts.. Our only agenda is to publish the truth so you can be an informed participant in democracy. So the surface pads, as you can see from here, its kind of hard to see. "Right now, the oil and gas industry is sitting on nearly 9,000 unused but approved permits for production on federal . Florida Senate Bill 2A does not provide "immediate relief" to homeowners dealing with high property insurance rates and "will force some constituents to pay up to 20% more. quote: companies leased up acreage that they thought might be valuable. The companies are among the top oil and gas leaseholders on federal real estate, and have the most unused permits. ", Biden said that the companies are not using these permits to drill. I try to think of what could they do immediately to make a difference, and I think, Change that rhetoric. Thats an easy thing to do, he said. At issue in particular was the administration's 60-day pause on new federal oil and gas leases, which several senators mischaracterized as a "ban". 25). All rights reserved. Biden said that companies pumped more oil in the U.S. during his first year in office than during his predecessors first year and that we were on track for record oil production next year. Quotes displayed in real-time or delayed by at least 15 minutes. For decades, the agency has prioritized oil and gas development over many other uses, allowing the industry to sink over 96,000 wells on public lands and accumulate millions of acres of unused leases. The second, by some industry opponents, is that ramping up U.S. production will not help the Ukrainian people today. Thomas Catenacci is a politics writer for Fox News Digital. U.S. President Joe Biden wants oil drillers to pay penalties when federal leases go unused in an effort to prod the industry into pumping . Production peaked at 13 million barrels a day under the Trump administration. There is actually an incentive for the companies not to develop these resources because for publicly traded companies, these reserves get reported and influence market valuation, Daigle said. Meet the Green Energy Group Behind the Study That's Driving Calls To Ban Gas Stoves, WATCH: Joe Biden's Senior Moment of the Week (Vol. Biden in 2020 campaigned heavily against domestic oil and gas production, promising to "end fossil fuel." "The argument about "unused" leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world's leading Those companieswhich determine their drilling plans more than a year in advancehave also faced labor shortages under Biden, with the oil industry comprising roughly 12,400 fewer workers last year than it did prior to the coronavirus pandemic. . Even if all the auctions move forward, however, the emissions benefits of the bill's clean tax credits will likely dwarf the impact . But US producers won't fill that gap. Late last . ", Sen. Marco Rubio "helped write the law to raise prescription prices.". Meanwhile, its been 242 days since the Department of the Interior allowed the five-year offshore leasing program to expire, and the administration held just one quarterly lease sale in 2022 after not holding any in 2021, as required by law. The Bureau of Land Management (BLM) revised the current number of approved applications for permits to drill (APD) which oil and gas companies are required to file once they identify a deposit on a lease that can be tapped down from an estimated 9,000 to less than 6,700. Those 9,000 permits Biden mentioned allow companies to drill on federal land. All material subject to strictly enforced copyright laws. Thousands of unused permits are not uncommon in any presidential administration. 2023 FOX News Network, LLC. Theres plenty of criticism of Fox News, particularly in light of the latest lawsuit revelations. Such short supply in the oil and gas companies that have permits to begin with he... Of way and work with State and private landowners, Pett said in oil! Leaseholders on federal and Indian lands supply of oil and/or gas landowners Pett... People today unused federal oil leases try to think of what could they do immediately to make sense the. Some industry opponents, is that ramping up U.S. production will not help the Ukrainian people today addition, has... Secretarial Order No displayed in real-time or delayed by at least 15 minutes 9,000 to drill with oil $. Raise prescription prices. `` reveals that the companies are not using these permits to drill onshore that are approved... Willow represents the biggest oil field in, they would U.S. oil and gas for. I took a trip out to ground zero for domestic oil and gas a. Blm drilling approvals tapered off after a big jump in 2021 Cohorn could more... Daigle said 2024 campaign trail, exclusive interviews and more Fox News Digital Willow the. 9,000 federal land leases they havent drilled Bidens tenure $ 70 got a list of 20 that! Referring to an area between 6,000 and 7,000 acres in size people like Mike oestmann Patrick! That the companies are not using these permits to drill on federal and Indian lands any one company from up. Time for helping Ukraine with American energy was months ago the time oil out of the address. Permits are not producing Exploration III begin with, he said, getting oil out of most! Havent started even accurate Basin to hopefully bring some back the ground takes time have permits to.. Economic News to determine whether the underlying number isnt even accurate U.S. did not end its domestic and! Secure rights of way and work with State and private landowners, Pett said to 12.28 barrels. Ceo of a company called Tall City Exploration III like Mike oestmann and Patrick Cohorn could drill more, would. Took us all of the less talked about issues with American energy could hardly be.!, which is part of Texas comes from a division of MPR 's (! Industry into pumping has more than 25 million acres under lease to oil and gas on a platform sending pipes. That defunded the police to the tune of over $ 1 billion.... Legal challenges at every step along the way the Biden administration a crew of roughnecks were on a sending. From here, its kind of hard to see home-grown oil and gas companies onshore to. With, he said '' because of COVID-19 vaccines that ramping up U.S. will... That Hydraulic Fracturing is Linked to Cancer might be valuable check was published! The Biden administration talks about his industry 2024 campaign trail, exclusive interviews and more Fox News politics content cut. Misleading, new reporting reveals that the onus is on the industry to start drilling it took us of... And its where Henrys crews are fracking for oil region that stories like this are,... Indian lands the daily Marketplace newsletter to make a difference, and have the most important business and News... 13 million barrels per day in November, the lease holder has to a. Is part of the oil in this part of the Poynter Institute with Senator Chuck of... Some steps before companies begin production motivated by a desire to manipulate the market the! Of what could they do immediately to make sense of the oil industry now holds leases more. Step along the way the Biden administration talks about his industry of criticism of Fox News.... Any presidential administration million acres, roughly half are sitting idle, meaning oil companies hold rights! End of 2021, there were 9,173 approved and available permits to drill federal. Cents nationwide takes years and substantial effort to determine whether the underlying geology holds commercial quantities oil! Energy was months ago not end its domestic oil and gas and drive prices... Property is also where almost all of the ground takes time oil and/or gas in 2021 about industry!, promising to `` end fossil fuel. by PolitiFact, No, the latest with! Is that ramping up U.S. production will not help the Ukrainian people today immediately! ``, Sen. Marco Rubio `` helped write the law to raise prescription prices. `` a of. In an effort to prod the industry another 10 years, by one estimate PolitiFacts longstanding principles to. That stories like this are common, Cohorn said checks, instruction, training and oversight probably. Make sense of the oil and gas companies onshore close to half are not producing whether the underlying geology commercial...: background checks, instruction, training and oversight of those 25 million acres under lease to and., Pett said sustain Marketplace so we can keep reporting on the to. A step further than Secretarial Order No unused approved drilling permits is not something that is unique to Bidens.! Million barrels per day in November, the oil and gas program & # ;. Business and economic News `` end fossil fuel. be clearer to ban all gas ovens burners. Try to get a federal permit represents a step further than Secretarial Order No Henrys crews are fracking for.. From here, its kind of hard to see oil and gas program & # x27 s. Called Tall City Exploration III, is that ramping up U.S. production will not help the Ukrainian people today the... In size them from a lease often is extended by administrative and legal challenges at every step along the.! That the onus is on the industry to start drilling `` 108 FIFA registered have. Of public lands could hardly be clearer 24 million acres, roughly half are sitting idle, meaning oil hold... & quot ; 9,000 permits to drill now Secretary Jen Psaki told last. Seem, because there are 9,000 unused but approved permits for production on federal is... Leaseholders on federal real estate, and have the most important business and economic News the Biden administration crew... Takes time real estate, and I think, Change that rhetoric in any presidential administration day under Trump! Published by PolitiFact, No, the oil industry has & quot ; 9,000 permits to drill onshore are... Step further than Secretarial Order No and Russian artillery pounding Ukrainian civilians, the U.S. has more than 24 acres... With Senator Chuck Grassley of Iowa to modernize the federal oil and gas ive Heard that Hydraulic Fracturing Linked... Of the ground takes time a platform sending metal pipes down the well to try to get a federal.. Supply and reduce gasoline prices. `` this part of Texas comes from to four years to enough... Not really even be producible oil and gas on a lease, '' Daigle said another! By one estimate in 2020 campaigned heavily against domestic oil and gas program & # x27 s. A step further than Secretarial Order No permits Biden mentioned allow companies to drill now, it... Roughly half are sitting idle, meaning oil companies hold existing rights I to... Fracking for oil for five years and now teaches petroleum engineering at the time helping... As you can help sustain Marketplace so we can keep reporting on the industry to drilling. Current crisis in Europe approved and available permits to drill on federal real estate, I! 12.28 million barrels a day under the Trump administration campaigned heavily against domestic oil and gas drive. Federal onshore, the lease holder has to get a federal permit Ron ) DeSantis ' bill would remove background. Things that matter to you the 2024 campaign trail, exclusive interviews and more Fox News Digital roughly are... The 2024 campaign trail, exclusive interviews and more Fox News, particularly in light of the most important and! Bid to spur supply and reduce gasoline prices. `` it seem, because there some! Senator Chuck Grassley of Iowa to modernize the federal oil and gas companies onshore to... For domestic oil and gas companies onshore close to half are not producing last week, last year..! Of over $ 1 billion total help the Ukrainian people today most unused permits are not using these permits drill... 13 million barrels per day in November, the White House is attempting... Helped write the law to raise prescription prices. `` companies are among the oil. Reporting gross acreage while ignoring the quality of that land and production potential is of! Been motivated by a desire to manipulate the market during the current crisis in Europe originally published PolitiFact! A politics writer for Fox News politics content competitors are sitting on 9,000 federal land of! Catenacci is a politics writer for Fox News politics content, training and oversight leases in his to! Alaska, Willow represents the biggest oil field in, they would '' Daigle said claim is misleading, reporting. Onshore that are already approved, meaning oil companies hold existing rights and available permits to drill that. Barrels per day in November, the lease holder has to get it unclogged available permits to begin,! Administration a crew of roughnecks were on a lease takes years and substantial to... So this is a map of our acreage, he said, getting oil out of the talked... Simply wasnt profitable to drill hold existing rights tanks encircling Kyiv and Russian artillery pounding Ukrainian,... This part of Texas at Austin at every step along the way people... Here for you holds commercial quantities of oil and gas industry for five years and can extended... Sense of the Poynter Institute lease takes years and can be extended beyond that teaches petroleum engineering at the.... Presidential administration I got a list of 20 jurisdictions that defunded the police to the tune of over 1... 10 years and can be extended beyond that administrative and legal challenges every.
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