Review shows that nearly two-thirds of acreage leased by industry lies idle
WASHINGTON–(ENEWSPF)–May 15, 2012. As the Obama administration continues to make millions of acres available to for oil and gas development, a report released today by the Department of the Interior shows that more than two thirds of federal offshore acreage leased by industry and more than half of federal onshore leased acreage in the lower 48 states remains idle – neither producing nor…
