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U.S. Energy Innovation (Part III: Federal Land Potential)

By Mary Hutzler -- February 8, 2013

“Onshore development on federal lands – which is roughly estimated at 700 million acres of subsurface mineral estate – is extremely limited and is increasingly so. In 2009, for example, the current administration leased fewer onshore acres for energy development than in any preceding year on record.”

“Offshore development on 1.76 billion acres of mineral lands has suffered from a de-facto administration embargo, with lease plans cancelled, moratoria imposed, and cumbersome regulatory activity that serve to discourage exploration.”

“Today, permitting delays by federal regulators have driven the wait to more than 300 days before drilling can begin on federal lands, about twice as long as it took in 2005. By contrast, states like North Dakota are now turning permits in 10 days; Ohio, 14 days; Colorado, 27 days.”

The United States is an energy-rich country with large quantities of U.S.