Brief #141 – Environment
By Todd J. Broadman
The Interior Department will put up for auction 144,000 acres of federal land to oil and gas companies. The Department says that this lease sale is actually scaled back by 80 percent of the original acreage slated for potential drilling. 90 percent of the land to be leased is located in Wyoming. In tandem with the sale, royalties paid to the federal government on any revenue that result from new drilling will go up from 12.5 percent to 18.75 percent.












