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Petroleum Law and Regulations
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What is the primary federal law governing oil and gas exploration and production in the United States?
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A
The Mineral Leasing Act of 1920
💡 Explanation:
The Mineral Leasing Act of 1920 is the primary federal law governing oil and gas exploration and production in the United States. It establishes a system for leasing federal lands for oil and gas development and sets forth the terms and conditions of those leases.