Tomorrow in the federal register, the BLM will be publishing an advanced notice of proposed rulemaking that will substantially impact future leasing on federal lands. The BLM will be seeking industry input on several questions relating to changing the royalty rates for competitive leases, increasing annual rentals, increasing minimum bid amounts, increasing bonding and increasing civil penalty levels. Included in the notice will be a five page list of questions which I would urge you or your land departments to review. Below are the notice of proposed rulemaking and the five page list of questions.
The BLM will be asking for comment within 45 days of tomorrows publication.
