Secretary Doug Burgum Visits Pennsylvania Frac Site

The Department of the Interior is proposing to cut red tape for federal oil, gas and coal companies, while ensuring taxpayers receive their fair share of public resource revenues. In support of Trump administration’s American Energy Dominance initiative, Interior issued a proposed rule from the Office of Natural Resources Revenue that amends how the federal government determines the valuation of oil, gas and coal produced on public lands.

The Department of the Interior today announced two coordinated regulatory actions aimed at modernizing federal onshore oil and gas policy, eliminating unnecessary administrative barriers, and strengthening the nation’s long-term energy leadership. The proposals revise both the Bureau of Land Management’s oil and gas leasing rule and the waste prevention rule, reinforcing the Trump administration’s commitment to responsible development, lower energy costs for families, and the continued expansion of American Energy Dominance.

Today, the Department of the Interior announced a settlement agreement with affiliates of Invenergy, North America’s largest privately held developer, owner, and operator of independent power infrastructure, aimed at strengthening American security and lowering costs, advancing goals central to President Donald Trump’s Energy Dominance Agenda.