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Energy Tomorrow Blog

Graphically Speaking: Producing Oil on Federal Lands

oil production  federal onshore lease  federal leases 

Mark Green

Mark Green
Posted January 24, 2012

One of the most important things to know about producing oil on federal lands is that it takes time. Lots of it. As this chart developed by API illustrates, it’s up to a decade from the time a lease is won at auction to the first actual production of oil. If you include pre-lease sale studies and evaluation, which have to be done before companies bid on federal leases, that’s a couple more years.

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