MMS promises faster lease processing

Direct electronic access to seismic should cut lease issuance by a month

Petroleum News Houston Staff

The U.S. Minerals Management Service, in a move that should greatly speed up the issuance of oil and gas leases in the Gulf of Mexico, has acquired direct electronic access to seismic data it uses to help determine whether it’s getting fair market value for acreage sold at lease sales. Industry has....

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