Late in July, the Department of the Interior formally proposed revisions to the Bureau of Land Management’s oil and gas leasing regulations. The industry was critical of the proposed changes, but investors and dealmakers took them in stride, noting that royalty rates and bonding amounts had not been revised in decades. And while the profitability of some wells and fields would be nicked, dealflow might increase as producers seek to consolidate prime holdings. Here’s a closer look.
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