Oil & Gas Lease Sales Generate Nearly $40M in Revenue
After four years of the Biden administration blocking and canceling oil and gas lease sales, it is announced that the federal government has brought in close to $40 million in revenue in just 3 months. Demonstrating what happens when we have an administration committed to American energy.
“This quarter’s lease sales demonstrate Interior’s unwavering commitment to fostering American Energy Dominance, and we are grateful to those who produce energy on federal lands…By building on the commonsense, pro-growth policies of the Trump administration, we’re ensuring public lands are being used to their fullest potential to support national security, economic strength and livelihood of the American people.” Interior Secretary Doug Burgum said in a statement.
The Bureau of Land Management (BLM) has leased 34 land parcels totaling 25,038 acres for $39,007,609 in the first quarter of 2025.
Fox News reports,
“The revenues will be divided between the feds and each particular state where the leases were sold. States receiving the windfalls include Montana, North Dakota, New Mexico, Wyoming and Nevada.”
In our 2025 energy roadmap, we called on Washington to erase Biden’s oil and gas lease moratorium. We applaud Secretary Burgum for his actions to help unleash American energy.
April 2, 2025