Report Says Prices, Not Policy, Hurting Drilling

Excerpts:

A new report by The Wilderness Society seeks to debunk energy industry claims that the Obama administration’s land policies have resulted in fewer rigs across the West.

The real culprit is a decline in natural gas prices, the report says, outlining a decline that began months before President Barack Obama took office.

… The Wilderness Society argues that even leases that have been approved on public land aren’t being drilled. Less than 30 percent of 45.3 million acres of federal land was under lease, the report says, mostly in the West. In Montana, less than 20 percent of leased land was in production.