Kevin OScannlain is APIs vice president of Upstream Policy. some 40% of the mineral acreage leased by companies goes unused . To be clear, Biden wasnt wrong about that number, but citing it as evidence that energy companies are sitting on their hands to keep prices high needs a bit more context. "Right now, the oil and gas industry is sitting on more than 12 million acres of non-producing Federal land with 9,000 unused but approved permits for drilling," the White House said in an April . What are the Claims of Anti-Fracking Activists? T he Interior Department revised down its estimate of the total number of unused federal drilling permits, which the Biden administration used much of last year as a . U.S. liquified natural gas exports are critical for today and tomorrow, because access to trustworthy energy helps nations address multiple challenges. Before drilling can occur, the lease holder has to get a federal permit. The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. The change suggests that President Joe Biden and administration officials had overstated the extent to which oil and gas companies have neglected producing on approved permits amid the global energy crisis last year. ", "By the way, one thing I want to say about the oil companies: They talk about how we have they have 9,000 permits to drill," he added months later. Oil, Biden Has Earned 11 Pinocchios From Fact-Checkers During Coronavirus Crisis, GOP Hawks Say the Only Thing Cut From the Pentagon Will Be 'Wokeness'. . For nearly a year, the Biden administration has attempted to redirect scrutiny over its slow walking of federal oil and gas leases by chastising U.S. producers for leaving 9,000 permits to drill on federal lands untapped. Gas Prices White House, Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal, March 8, 2022, U.S. Energy Information Administration, "EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023," Jan. 11, 2022, Bureau of Land Management, Applications for permits to drill, December 2021. API President and CEO Mike Sommers, in an op-ed on Fortune.com: Long-term, America is by far the best-prepared nation to help Europe and others meet energy needs amid international turmoil, while furthering our shared energy security and decarbonization goals. They have 9,000 to drill onshore that are already approved. 1800 I Street NW All rights reserved. So, I took a trip out to ground zero for domestic oil and gas production Texas Permian Basin to hopefully bring some back. U.S. Energy Information Administration, U.S field production of Crude Oil, Center for Biological Diversity, New Data: Bidens First Year Drilling Permitting Stomps Trumps By 34%, Jan. 21, 2022, Western Energy Alliance, Responding to the White House Blame Game on Leases, March 4, 2022, Washington Post, Biden outpaces Trump in issuing drilling permits on public lands, Jan. 27, 2022, CNN, More oil supply could stop massive price spikes. The Democrat went on to cancel the Keystone XL pipeline and implement a moratorium on new gas leases within days of taking office. "It is time for the administration to end the finger-pointing and instead support American production with a comprehensive strategy for American energy developmentone that includes a final five-year program for offshore leasing and quarterly onshore lease sales," the institute said in a statement. The second, by some industry opponents, is that ramping up U.S. production will not help the Ukrainian people today. Investors remain reluctant to invest in fossil fuels. Mutual Fund and ETF data provided by Refinitiv Lipper. Most importantly, it should complete work on a long-term plan for offshore oil and gas development, to replace the one that expires this summer. Were a company running two rigs. TheU.S. Energy Information Administrationin January forecasted that U.S. oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. "While the cost to extract one barrel in Saudi Arabia is somewhere around $10 or $15, in West Texas it can be as high as $70," Gernot Wagner, an associate professor of environmental studies at New York University, told PolitiFact. A crew of roughnecks were on a platform sending metal pipes down the well to try to get it unclogged. Production peaked at 13 million barrels a day under the Trump administration. Hes right on the numbers of permits but what that means is a little more complicated than his statement suggests. Your donation today powers the independent journalism that you rely on. Published under: One of PolitiFacts longstanding principles is to rate fact-checks based on evidence available at the time. "Companies sometimes hold leases as a bit of a mind game with their competitors, or even just because they didnt properly assess the production potential prior to leasing due to lack of data or that sort of thing. Oil production on federal lands fell to 12.28 . President Biden says he wants more domestic oil production but he is doing nothing positive to make that happen. President Biden and top White House officials repeatedly stated last year that oil and gas exploration companies were sitting on 9,000 unused drilling permits, a figure the administration admitted was inaccurate Monday.. For perspective, Doug Ackerman, President of the New Mexico Oil and Gas Association, said it takes upwards of 12 months to get the 30-50 permits required to drill a single well during a House Natural Resources subcommittee hearing earlier this month. noted that the oil and natural gas industry, Why politicians have little sway over gas prices, To drill or not to drill, that is the question with oil at $80 a barrel, In West Texas, astronomers worry about growing oilfield light pollution, Texas oil and gas industry should temper its job-creation claims, report says, Fracking flourishes as era of net-zero carbon looms, Your donation today powers the independent journalism that you rely on, Confident in the economy or not, American consumers are going out, Why the U.S. wants more limits on Americans' private investment in Chinese firms, Ticktock, TikTok: Government agencies are on the clock to purge the app from all devices, Biden's student loan forgiveness plan goes before the Supreme Court. Wednesday's Energy Absurdity of the Day: Is it '9,000 Unused Leases' or '9,000 Unused Permits?' The White House Doesn't Seem to Know. From a federal regulatory standpoint, once a permit is approved, industry can proceed. Douglas Holtz-Eakin, an economist and president of the American Action Forum, a center-right think tank, said firms are trying to assess the durability of the global rebound. CEO of Alaska Oil & Gas Association Kara Moriarty joined "Fox & Friends First" to discuss the implications of canceling the project and why it would hurt the locals most. The BLM's current lease sales and NEPA process have included a 30-day scoping period, 30 . The numbers on oil and gas leasing in Nevada over the last several years show us how broken the federal leasing program is. Instead, the administration discouraged American energy. Companies dont have to immediately begin drilling as their leases last 10 years and can be extended beyond that. Joe Biden Douglas Holtz-Eakin, an economist and president of the American Action Forum, a center-right think tank, said firms are trying to assess the durability of the global rebound. So it simply wasnt profitable to drill with oil below $70. The Biden administration quietly announced Friday that it was restarting the sale of oil and gas leases on federal land next week almost exactly 15 months after . Feb 2021 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2022 Feb 0 100 200 300 400 500 600 700. Jewish Students Reported a Professor for Anti-Semitism. The only thing that "the administration" could do to increase oil production, would be to get the hell out of the way. So you get the mineral position leased, then you have to go to the surface owner and negotiate good terms and a good understanding of how youre going to use his surface and make him happy, so that you can come out here and start doing all the stuff that we have to do to get to and from our wells, Cohorn said. Suggests "108 FIFA registered players/coaches have died" because of COVID-19 vaccines. Production peaked at 13 million barrels a day under the Trump administration. It canceled energy infrastructure, blocked development in parts of Alaska, entertained new taxes to punish the U.S. energy industry and chilled future investment by signaling that oil and gas wouldnt be part of Americas future energy mix. Companies reporting gross acreage while ignoring the quality of that land and production potential is one of the less talked about issues. You rely on Marketplace to break down the worlds events and tell you how it affects you in a fact-based, approachable way. , rate fact-checks based on evidence available at the time. The head of the biggest U.S. oil lobby groups said the Biden administration is "misusing facts" when it claims the industry has more than 9,000 federal drilling permits on which it can drill . Oil production on federal lands fell to 12.28 million barrels per day in November, the latest month with data. They could be drilling right now, yesterday, last week, last year. Closer to downtown Midland, Mike Oestmann drove me around a frack site to see how things are progressing. The president suggested the onus is on the industry to start drilling. Florida Senate Bill 2A does not provide "immediate relief" to homeowners dealing with high property insurance rates and "will force some constituents to pay up to 20% more. The U.S. has more than 24 million acres under lease to oil and gas companies onshore close to half are not producing. Corporate strategy has fundamentally changed.. Its almost like Johnny Cashs Cadillac we get it one piece at a time.. the Mineral Leasing Act. Biden claimed 9,000 oil drilling permits are unused. Legal Statement. 801 3rd St. S Having thousands of unused drilling permits is not something that is unique to Bidens tenure. Please read our Terms & Conditions, Cookies Policy and Privacy Policy before using the site. Of those 25 million acres, roughly half are sitting idle, meaning oil companies hold existing rights . Support responsible news and fact-based information today! There is actually an incentive for the companies not to develop these resources because for publicly traded companies, these reserves get reported and influence market valuation, Daigle said. Then Biden pivoted to point the finger at the industry: "In the United States, 90% of onshore oil production takes place on land that isnt owned by the federal government. Jen Psaki vs. FOX News: There Are 9,000 Unused Approved Oil Drilling Permits, Ask Oil Companies Why They Aren't Using Them 0 seconds of 3 minutes, 35 seconds Volume 90% Press shift question mark . From cancelling the Keystone XL pipeline, to refusing to hold Federal leases sales, to threatening to refuse to . Oil and gas companies can raise funds from investors by not drilling on leases with proven reserves, said Hugh Daigle, an associate professor at the University of Texas Hildebrand Department of Petroleum and Geosystems Engineering. Generic 1st 'XB' Future. To obtain a drilling permit, a company must pay a fee of more than $10,000 and use it within two years (with one two year extension possible). They could be drilling right now, yesterday, last week, last year.". Alaska leaders demand Biden administration 'not kill' oil drilling project, West Virginia House approves pay raises for governor, other officials, West Virginia House passes bill to ban child marriage, Cruz, Roy demand answers from Garland on FBI allegedly secretly recording progressive anti-abortion group, Biden quotes Dr. Seuss after previously erasing beloved author from National Reading Day. Is that True? Legal Statement. Companies sometimes hold leases as a bit of a mind game with their competitors, or even just because they didnt properly assess the production potential prior to leasing due to lack of data or that sort of thing., In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. President Biden on Wednesday issued an executive order temporarily pausing federal oil and gas leases and setting in motion potentially longer-lasting restrictions on federal lands production of fo Under Biden, new oil leasing has slowed to its lowest level since World War II, with the Democrat only approving court-ordered or congressionally mandated leases. The average barrels of crude oil produced per day spiked during Trumps subsequent years, swelling to almost 12.3 million in 2019. 20006, Florida We should be honest about the facts.. He said not only is labor in short supply, but steel pipe and other equipment are on back order for months. ", "(Ron) DeSantis' bill would remove: background checks, instruction, training and oversight. (AP). Many of the drilling permits held by industry and 60 percent of the acreage leased to oil producers sits unused, she said. In total, the oil industry now holds leases to more than 25 million acres of public lands . It suggests American producers have been motivated by a desire to manipulate the market during the current crisis in Europe. Were just there as oversight.. Powered and implemented by FactSet Digital Solutions. This is all private land, which is where 90% of the oil produced in the U.S. comes from. "These are the facts. In total, the oil industry now holds leases to roughly 25 million acres of public lands an area approximately the size of Kentucky. Now is the time for the administration to fully get behind American oil and natural gas. 5 relinquished oil and gas leases. This material may not be published, broadcast, rewritten, U.S. President Joe Biden wants oil drillers to pay penalties when federal leases go unused in an effort to prod the industry into pumping . "Its simply not true that my administration or policies are holding back domestic energy production," Biden said March 8 in a speech announcing a U.S. ban on Russian oil imports. Producers also have to put a drilling plan together, secure rights of way and work with state and private landowners, Pett said. The Biden administration quietly updated a federal database showing how many unused oil and gas drilling permits it has approved, reducing the number by more than 2,000.. Theres a lot happening in the world. Corporate strategy has fundamentally changed.". Sometimes there might not really even be producible oil and gas on a lease, Daigle said. The Bureau of Land Management, which oversees nearly 250 million acres of federal lands, altered its estimate for the current number of approved but unused applications for . UPDATE: On March 31, President Joe Biden announced the release of 1 million barrels of oil per day from the nation's Strategic Petroleum Reserve over the next six months. FOSSIL FUEL PROFITS ARE VITAL FOR GREEN ENERGY PROJECTS DEMS ROUTINELY TOUT. They arent necessarily the same people who own the mineral rights. Key facts about federal leases: The argument about unused leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the worlds leading producer of natural gas and oil. "There are 9,000 unused approved drilling permits," former White House Press Secretary Jen Psaki told reporters last March. Those companieswhich determine their drilling plans more than a year in advancehave also faced labor shortages under Biden, with the oil industry comprising roughly 12,400 fewer workers last year than it did prior to the coronavirus pandemic. Yacob Reyes is a staff writer covering Florida politicians and legislative issues for PolitiFact. The president suggested the onus is on the industry to start drilling. From a federal regulatory standpoint, once a permit is approved, industry can proceed. In a world of wild talk and fake news, help us stand up for the facts. "Despite the administrations inaccurate and misleading numbers, the reality is that the U.S. natural gas and oil industry is confronting the global energy crisis by continuing to work to meet the energy needs of U.S. consumers and our allies abroad," Frank Macchiarola, the American Petroleum Institute's senior vice president of policy, economics and regulatory affairs, told Fox News Digital. Back in March, as Russias invasion of Ukraine was sending the price of oil sky-high, President Joe Biden noted that the oil and natural gas industry has 9,000 permits to drill that it isnt using. The minimum royalty rate is significantly lower than those used in most states and on private land and the BLM is providing an improved return to the taxpayer by using a royalty rate of 18.75% for the leases sold in the current competitive lease sales. Some companies choose not to drill for corporate reasons because they can raise funds from investors by not drilling on leases with proven reserves. "Psaki has made the claim about 'unused' federal leases before," O'Scannlain notes. Biden said the oil industry has 9,000 permits to drill now. When a lease is acquired, companies pay a "significant financial investment," and, if they do not get the lease producing, the company must pay an additional "rent" on the lease "until and unless it begins producing." The Mineral Leasing Act prevents one company from "locking up" federal lease acreage that is unproductive. There are more than 37,496 active oil and gas leases nationwide, meaning more than 75% are in use, according to the latest Bureau of Land Management (BLM) data. He unfurled a map on the bed of his big, red, muddy pickup truck. "Its simply not true that my administration or policies are holding back domestic energy production," Biden said March 8 in a speech announcing a U.S. ban on Russian oil imports. The BLM, a subagency of the Department of the Interior (DOI), blamed the revision on a Trump-era technical change that it hadn't properly accounted for. The American Petroleum Institute admonished the administration for its "inaccurate and misleading numbers" and called on Biden to "support American production.". However, the unused drilling leases represent a fraction of the active permits, many of which are being used by the private sector to produce oil and gas daily, industry groups said. ", We asked federal officials for an updated figure for 2021, and Interior Department spokesperson Melissa Schwartz said the agency has "no way to capture that since the discrepancy was found at the end of last year. Here is the average price in each state. ", In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. Fox Business spoke with energy industry leaders and Sen. Dan Sullivan (R-Alaska) about the Biden White House's claim that 9,000 oil and natural gas drilling leases sit unused. He contended that the onus is on U.S. oil and gas companies that have permits to begin drilling, but havent started. Listing leases originally filed between the 2020's and the 1820's . , The law already requires companies to either produce oil and/or gas on leases or return the leases to the government the so-called use it or lose it provision generally in the first 10 years. For federal onshore, the Mineral Leasing Act prevents any one company from locking up unproductive excessive federal acreage. Powered and implemented by FactSet Digital Solutions. Turns out, thats wrong. Lets address two claims heard about American natural gas and oil production amid the ongoing Russia-Ukraine crisis. Labor is in such short supply in the region that stories like this are common, Cohorn said. This material may not be published, broadcast, rewritten, or redistributed. Eric Gay/AP. They could be drilling right now, yesterday, last week, last year. Thousands of unused permits are not uncommon in any presidential administration. "As of February 2023, companies have over 6,600 approved and unused drilling permits available on federal lands," the BLM said in a statement to Fox News Digital. The Biden administration has also dragged its feet on oil and gas lease sales, only holding sales when directed by either federal courts or the Inflation Reduction Act. In addition to Biden, top administration officials such as National Security Council spokesman John Kirby and former White House press secretary Jen Psaki have used the 9,000-permit talking point to argue that the oil and gas industry has "plenty of opportunities to drill here in the United States." The White House did not return a request for comment. Conclusion. The agency explained: "This number has been updated to account for a reporting discrepancy resulting from a transition to a new database in mid-2020. The president suggested the onus is on the industry to start drilling. Before coming to API, Kevin served in the White House as Special Assistant to the President in two different roles, and as Deputy Solicitor for Energy & Minerals at the U.S. Department of the Interior. This is false. With Russian tanks encircling Kyiv and Russian artillery pounding Ukrainian civilians, the importance of American energy could hardly be clearer. But in Alaska, Willow represents the biggest oil field in . During Bidens first year in office, the U.S. produced an average of about 11 million barrels of crude oil per day compared to Trumps 9 million barrels per day in his first year. Is Biden sharing all the facts here? Everything in yellow is acreage that we own and operate, he told me. 13 rejected oil and gas leases. Does Hydraulic Fracturing Cause Earthquakes? 54,657 authorized oil and gas leases. More classified documents (were) found at the University of Delaware, the equivalent of a tractor trailer worth., Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal, "EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023,", New Data: Bidens First Year Drilling Permitting Stomps Trumps By 34%, Responding to the White House Blame Game on Leases, Biden outpaces Trump in issuing drilling permits on public lands, More oil supply could stop massive price spikes. Then Biden pivoted to point the finger at the industry: "In the United States, 90% of onshore oil production takes place on land that isnt owned by the federal government. In response to widespread criticism regarding the administration's restrictions on federal fossil fuel leasing amid all-time high gasoline prices, the White House repeatedly touted the 9,000-permit figure and argued industry had the ability to immediately begin producing. Late last . Bidens number is correct: There are 9,137 approved permits to drill on federal and Indian land, and the oil industry could use those permits and drill. The U.S. Energy Information Administration in January forecasted that U.S. oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. Patrick Cohorn, operations manager at a family-owned energy company called Henry Resources, headquartered in Midland, Texas, drove me out to a stretch of land just north of the town of Rankin. American oil and gas producers are able and willing to do their part to support American energy leadership, including providing energy that can help allies abroad. Oil and gas companies can raise funds from investors by not drilling on leases with proven reserves, said Hugh Daigle, an associate professor at the University of Texas Hildebrand Department of Petroleum and Geosystems Engineering. They have to be sure that the costly investment (and time) that it takes to turn a lease into a producing well is worth it.. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. And any company that wanted to start drilling on those 9,000 federal leases would face the same problems. But it does import some of its oil from Russia, The U.S. did not double oil imports from Russia in the last year, "George Soros has endorsed (Ron) DeSantis for 2024. And the bottom line is, if people like Mike Oestmann and Patrick Cohorn could drill more, they would. He contended that the onus is on U.S. oil and gas companies that have permits to begin drilling, but havent started. . . "So it simply wasnt profitable to drill with oil below $70. Despite attempts to portray the industry as stockpiling unused permits, "a greater share of federal leases by over 40% in . Occidental has more than 500 unused federal permits. According to Interior's figures, more than three-quarters of the offshore federal waters already under lease remain unused that's about 8 million acres where companies could drill new . "In Utah alone, the industry is sitting on more than 1.7 million acres of unused federal oil and gas leases on some of our nation's wildest and most culturally significant public lands . To manipulate the market during the current crisis in Europe be producible oil and gas companies close... Line is, if people like Mike Oestmann and Patrick Cohorn could drill more, they would to! Have to put a drilling plan together, secure rights of way and work with state and private,. Prevents any one company from locking up unproductive excessive federal acreage. `` 60... They can raise funds from investors by not drilling on those 9,000 federal leases would face same. November, the oil industry has 9,000 permits to begin drilling, but started... 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