Oil and gas can offer lucrative opportunities for individuals interested in the drilling industry. Of course, it can be complicated to lease land in order to drill, and it is important that any oil and gas transactions are carried out properly. As a result, when individuals hear of land opening up for drilling, they may want to look into their options.
It was recently reported that 725,000 acres in California have been opened up for drilling. The land, which includes parts of the Central Valley and Central Coast, has been off-limits to drilling since 2013, but the Bureau of Land Management recently issued the decision to allow the leasing of plots in those areas. Though the land is open for lease, the BLM indicated that additional approval would have to be obtained before any drilling could occur.