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Few Hands Drill Public Lands

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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-06-04 11:28 PM
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Few Hands Drill Public Lands
(AP) A single New Mexico family and a dozen big oil companies, including one once headed by Commerce Secretary Don Evans, now control one-quarter of all federal lands leased for oil and gas development in the continental United States despite a law intended to prevent such concentration, federal records show.
The lax enforcement coincides with the Bush administration's push to open new public lands for oil and gas development. In March, records showed 40 million acres of federal lands were under lease in the continental United States. That is 5.3 million more acres than when President Bush took office.

Since 1997, mainly as a result of mergers and acquisitions, six companies have exceeded the legal limit of 246,080 acres in lease holdings on public lands in states other than Alaska. But the Bureau of Land Management, in charge of enforcing the 1920 law, has chosen to extend compliance deadlines for years.

(more)
<http://www.cbsnews.com/stories/2004/05/30/national/main620337.shtml>
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