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Producers seek more permits to drill on federal lands

The number of applications to drill for oil and natural gas on federal lands spiked 8% in September to 1,213, driven by larger Texas operators such as Pioneer Natural Resources and EOG Resources, according to an analysis by Evercore ISI. Permitting activity also increased in New Mexico and Colorado last month, but permit applications so far this year are nevertheless down 68% from a year ago at 13,355, Evercore said.

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