National Oil and Gas Leasing Program

The National Oil and Gas Leasing Program is a process by which the U.S. government allows private companies to explore and produce oil and natural gas from public lands and offshore areas. This program involves leasing parcels of land to companies, who then pay fees and royalties. It aims to manage energy resources, promote economic growth, and balance environmental concerns. The program is subject to regulations and public input to address potential impacts on local communities and ecosystems, ensuring that energy development is carried out responsibly and sustainably.