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Lawsuit seeks to stop federal rule on oil, gas exploration

(The Center Square) — A lawsuit is challenging a federal rule that three states and trade organizations say could hamper oil and gas exploration and production for small, independent operators on the outer continental shelf.

The rule could result in billions in compliance costs for the operators, according to the plaintiffs.

The lawsuit also says the rule will destroy 36,000 jobs, take away $10 bill…

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