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Affidavit Oil and Gas Lease Cancellation in Gov Form

Affidavit Oil and Gas Lease Cancellation in Gov Form

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[Music] this well is currently making about 50 barrels of oil a day and 200 barrels of water or so these this one's making 80 and probably 400 500 barrels of water there's a lot of oil to be found in new mexico these days mark murphy is one of those benefiting from it we have about 130 wells that we plan to drill here we've only got seven on here right now so we've got a lot of development to do out here almost all of the land here is federal and that means it's in a precarious place on his first day in office president biden signed a temporary moratorium on new oil and gas leases on federal property what's the impact of a federal ban on on new oil and gas leases out here it's it's absolutely devastating when the administration says that banning federal leases doesn't affect existing leases they're simply wrong and they don't know how this business works there's something familiar about all

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