This course offers an in-depth look at the Bureau of Land Management’s final rule updating oil and gas leasing regulations. Effective June 22, 2024, these changes incorporate provisions of the Inflation Reduction Act, impacting royalty rates, rentals, bonding, and operations. Participants will gain insights into compliance, actionable steps, and understanding the implications of these updates on public land stewardship.
In this course you will learn the following:
* Understand the background and purpose of the BLM’s revised oil and gas leasing regulations.
* Identify key changes mandated by the IRA and other updates.
* Recognize specific compliance requirements for lessees, operators, and other stakeholders.
* Implement necessary steps to meet new requirements and deadlines.
* Understand the consequences of non-compliance with the final rule.
* Access and utilize resources provided by the BLM for compliance.
