BLM Skips Q2 2021 Oil & Gas Lease Sales; Columbia Basin Gas Potential Noted.
The Bureau of Land Management will not hold oil and gas lease sales in the second quarter of 2021, while noting USGS estimates of up to one trillion cubic feet of natural gas in the Columbia Basin of Oregon and Washington.
Why It Matters
Oregon energy professionals should track the pause in federal leasing and the region's untapped gas potential, which could influence future supply and exploration activity in the state.