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Oil and gas leases

It takes a long time to get from a federal drilling lease to actual oil

by Andy Uhler
Jul 6, 2022
Companies have to evaluate their prospects, then come up with a budget and manage crew and equipment logistics.
While the Biden administration has reopened federal land and offshore sites to oil and gas leases, it can take months or years to actually start pumping oil. Above, an oil well in Garden City, Texas.
Spencer Platt/Getty Images
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