Land management bureau grants 75 royalty rate cuts for oil and gas production in Utah

The Bureau of Land Management (BLM) has approved every request it received from companies to reduce the rates they need to pay to the government to lease public lands in Utah for oil and gas drilling, according to available data.The bureau’s reporting system shows 75 filed requests for rate cuts between March 1 and May 20 and 75 approvals. The system, however, only showed data for leases located in Utah, so it is not clear if there is a…