An oil and gas industry group in Wyoming is giving serious thought to heading to court to fight the Biden administration over its early-April rule that will make it more difficult for some oil and gas firms from bidding for energy leases on public lands.
Here’s why the consideration of the Petroleum Association of Wyoming is important to some Oklahoma energy firms. Because such companies such as Devon Energy, Continental Resources, Coterra Energy and a few others have operations in the Cowboy State.
The new rule issued April 11 caused such a reaction among Wyoming’s oil and gas industry that there is speculation it could put the industry on “life support,” reported the Cowboy State Daily.
“We are reviewing the final rule from the BLM and considering all options, including litigation, to look out for the people of Wyoming and protect Wyoming businesses that develop our natural resources,” said Ryan McConnaughey, vice president and director of communications with the Petroleum Association of Wyoming.
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