Oil and gas leasing in the West to be streamlined by Obama administation

f8fa8 00104641 H103377901 270x179 Oil and gas leasing in the West to be streamlined by Obama administationDenver Post

Interior Secretary

The federal Bureau of Land Management is moving to an online drilling permit system that could cut permitting time – a sore point for western operators – by two-thirds to as little as 60 days.

It has taken as long as 298 days to get a permit, according to the Western Energy Alliance, a trade group.

“By upgrading and improving our and drilling permit processing systems and technologies we believe we can improve efficiencies while ensuring thorough reviews for safety and compliance,” Interior secretary Ken Salazar said in a statement.

The new system will enable companies to file applications for permits to drill online and to respond to questions and update the filing electronically.

Paper applications are currently filed and neither the driller nor the public can access them. Most of the delays are from waiting for more information from the companies, according to the agency.

The new system, which will be in full operation in May 2013, will enable companies and the public to track the progress of applications.

“We’re glad that is taking such positive steps to decrease regulatory times lines, which for many years have created extreme uncertainty for companies,” said Kathleen Sgamma, the Western Energy Alliance vice president of government and public affairs.

Article source: http://blogs.denverpost.com/thebalancesheet/2012/04/03/oil-gas-leasing-west-streamlined-obama-administation/4146/

About Loren Bimler

Loren is a long-time Denver real estate investor. He has bought, remodeled and sold homes throughout the Denver metro area. Loren has also invested in commercial real estate. He is an entrepreneur who has owned multiple businesses and is a licensed real estate agent in the state of Colorado. Loren and his wife, Karen Bimler, make up Team Bimler at Your Castle Real Estate. If you would like more information about the Denver Real Estate market, give Loren a call at 720-837-0831.
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