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2,000 Acres in North Dakota Leased for Oil and Gas Development - Taxpayers for Common Sense
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2,000 Acres in North Dakota Leased for Oil and Gas Development - Taxpayers for Common Sense
On October 21, the federal government leased 2,068 acres of public land in North Dakota for oil and gas development at the recently reduced federal royalty rate of 12.5%. The result is an estimated $4.3 million in lost royalty revenue over the lifespan of these leases. America's public lands and natural resources belong to taxpayers and must be managed responsibly. Below market rates recklessly give away our valuable resources. Taxpayers lo…
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