The timeline illustrates that federal onshore lease development is a multi-stage process, and if exploration wells prove unsuccessful, the process must be restarted from the beginning.

Federal Onshore Leases: Exploration & Potential Production Timeline — figure 2
Fig. 2 of 2 · Chart 2022-10 · Source: EPRINC

From the EPRINC Chart of the Week archive.

Cite: EPRINC, “Federal Onshore Leases: Exploration & Potential Production Timeline,” Chart of the Week 2022-10, March 7, 2022.

Filed under
Geopolitics and Energy SecurityOil and Gas Taxation and Regulatory ReformPetroleum and Natural Gas