Increasing liquified natural gas exports and leasing more federal land for drilling are the top of the oil and gas industry's wish list for Trump's second term.US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024.
Burgum and Wright are associated with smaller, independent oil and gas companies that prefer deeper deregulation because compliance weighs on them more than the bigger players, Book said. "The question is what can this council actually do to improve market share, to improve the U.S. competitive position relative to other hydrocarbon producers in the world," the analyst said.
The Biden administration offered the fewest offshore oil and gas leases in U.S. history under a plan that allowed companies to drill in a maximum of three new areas exclusively in the Gulf of Mexico through 2029,
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