The proposed regulations are designed to reduce burdensome bureaucracy, duplicative recordkeeping and redundant measurement requirements, while ensuring that taxpayers receive all royalties owed from oil and gas produced on Federal and Tribal lands, as a result of accurate measurement, which the new regulations ensure.
In addition, the BLM will host virtual public information meetings where the agency will be available to answer clarifying questions regarding the regulations up to four hours per session. Please follow the below links for more information and to register for a session:
Session 1 (Sept. 29, 2020 at 11am.
In total, oil and gas development on BLM-managed lands supported more than 300,000 jobs and contributed $71.5 billion in output to the U.S. economy in fiscal year 2018. To protect jobs and facilitate reliable energy production, the agency will ensure accurate measurement and reporting of production, while also reducing unnecessary and burdensome requirements. Oil and gas measurement performance requirements were updated to accurately account for production volumes and avoid the risk to mismeasurement. Updates are also necessary because smaller operators were disproportionately impacted by the previous, overly burdensome regulations.