Potentially yes...the executive order will have an impact on offshore and onshore FEDERAL land and leases from New Mexico to Alaska. Some that are drilled and permitted already may or will continue. I would anticipate many legal challenges to come as some exporters and producers would argue that it is part of the lease purpose they signed and paid millions of dollars in leasing, research, seismics, planning etc.
So the answer is potentially YES.. the result could and is intended to take fossil fuel oil away from the market! Oil prices and land and leasing prices as a flow on effect should rise...in time of course.
Below images has a map of federal lands...noting Oklahoma and Anadarko basin is NOT affected by federal lands. Also an extract from Rigzone of the amount of oil and gas potentially that could be removed from the market....
Keystone XL is another separate issue and discussion.
Keep well cheers Paul
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