Price hikes for leasing land for oil, gas exploration could force industry out of Nevada - The Nevada Independent

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Price hikes for leasing land for oil, gas exploration could force industry out of Nevada - The Nevada Independent

Updates by the Bureau of Land Management (BLM) to its oil and gas leasing rule for public lands will likely discourage the industry from continuing to operate in states like Nevada where exploration rarely turns up a substantial oil deposit, according to state officials. With last month’s updates — the first comprehensive overhaul of the rule since 1988 and the first update to some components of it in more than a century — oil and gas companies …