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First Oil And Gas Lease Sales On Public Lands Yield Nearly $40,000,000 In Early Win For Trump Administration

The Department of the Interior (DOI) reported over $39 million in revenue from oil and gas lease sales on public lands in early 2025. This reflects the government's commitment to responsible energy development and job growth while reducing foreign resource reliance. DOI Secretary Doug Burgum highlighted the importance of these sales for national security and economic strength, following the policies of the Trump administration.

The Bureau of Land Management (BLM) leased 34 parcels covering 25,038 acres and will distribute lease revenues between states and the federal government. States involved include North Dakota, Montana, New Mexico, Nevada, and Wyoming. Additionally, the BLM plans to conduct 15 more lease sales in 2025. Royalty from production stands at 16. 67%, with leases lasting 10 years if production continues.

https://dailycaller.com/2025/03/29/department-of-the-interior-oil-and-gas-lease-sales-nearly-40000000-in-revenue/ 

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