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A handful of Texas energy business, including a subsidiary of Murphy Oil, which recently stated it would move its head office to Houston from Arkansas, made smaller sized offers. Murphy placed $5. 3 million in quotes. Agency officials decreased to comment during an interview on whether holding the lease sale was encouraged by the inbound Biden administration's position on leasing federal lands and waters for oil production.

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This auction had been pushed back from August, officials stated, due to COVID-19 (although Yahya stated the delay was likely an effort to await oil costs to stabilize following the presidential election). "Without commenting on proposed policy by inbound administration officials, our lease blocks are offered sometimes," said Kate Mac, Gregor, deputy secretary of the Department of the Interior.

dependence on more carbon-intensive coal-fired power plants. "An affordable and trusted energy supply is vital to a strong America," Staples stated. Environmental groups slammed the lease sale as a last-ditch effort by the Trump administration to favor the oil and gas market rather of transferring to shift the U.S. to forms of energy that are less carbon-intensive.

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"This lease sale is pouring fuel on the flames of environment change," said Emma Pabst, a global warming options promote with Environment Texas. "It's gradually burning through what little time we have left to act." Disclosure: BP America,.

Future of offshore drilling in the Gulf hangs on Biden's leasing pledge

Kentucky Projects: Barren County, 529 Acres, 7 oil wells geared up, drilled to Fort Payne zone. 500 plus. Required revamped rod and tubing work. Production from 8 to 10 blbs. day. Extra acres available; as much as 2000 acres. Western Kentucky. 2500 Acres, 50 wells, 19 operating, producing 46 to 50 barrels of oil/day.

Lincoln County, 400 Acres, Three shallow wells, idle 25years stated to produce 5blb/day requirement to be revamped. West Virginia Projects: 4600Acres. 42 wells, producing oil and gas. consists of substantial Geological reports and reserve reports. Ohio Job: 4000 acres. 91 wells, extensive Geologic reports, with reserve studies, consist of deep developments to Utica and Marcellus development.

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80 acres with 2 to 2. 5 BOPD. 100% WI with an 80% NRI.  I Found This Interesting  for higher production with revamping more wells on this lease. We have an allowed Mississippi disposal well we utilize with no plugging liabilities. There are a number of wells that need a little TLC to return into production.