{"id":32952,"date":"2025-04-07T16:29:05","date_gmt":"2025-04-07T16:29:05","guid":{"rendered":"https:\/\/popularnews71.net\/?p=32952"},"modified":"2025-04-07T16:29:05","modified_gmt":"2025-04-07T16:29:05","slug":"trump-administration-announces-39-million-in-oil-and-gas-lease-sales","status":"publish","type":"post","link":"https:\/\/popularnews71.net\/?p=32952","title":{"rendered":"Trump Administration Announces $39 Million In Oil And Gas Lease Sales"},"content":{"rendered":"
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\u201cDrill, baby, drill\u201d is the mantra of President Donald Trump\u2019s administration, and it is already paying dividends, according to the administration.<\/p>\n

Oil and gas lease sales on public lands in the few months since Trump took office has already netted the government more than $39 million, the Department of the Interior announced on Friday.<\/p>\n

\u201cThe Department of the Interior today announced it generated over $39 million in total receipts from oil and gas lease sales held in the first quarter of 2025 \u2013 underscoring the Department\u2019s continued commitment to responsible energy development on public lands and American Energy Dominance. In line with policies championed under the Trump administration, these revenues reflect an ongoing focus on unleashing domestic energy production, supporting job growth, and reducing reliance on foreign resources through efficient, streamlined permitting and leasing processes,\u201d it\u00a0said\u00a0in a press release.<\/p>\n

\u201cThe Bureau of Land Management leased 34 parcels totaling 25,038 acres for $39,007,609 in total receipts for its first quarter of fiscal year 2025 oil and gas lease sales. The combined bonus bids and rentals from the leases will be distributed between the federal government and the states where the parcels are located. The BLM held oil and gas lease sales in\u00a0Montana, North Dakota,\u00a0New Mexico,\u00a0Wyoming\u00a0and\u00a0Nevada,\u201d it said.<\/p>\n

\u201cThis quarter\u2019s lease sales demonstrate Interior\u2019s unwavering commitment to fostering American Energy Dominance, and we are grateful to those who produce energy on federal lands,\u201d Department of the Interior Secretary Doug Burgum said. \u201cBy building on the commonsense, pro-growth policies of the Trump administration, we\u2019re ensuring public lands are being used to their fullest potential to support national security, economic strength and livelihood of the American people.\u201d<\/p>\n

\u201cOil and gas leases support domestic energy production and American energy independence, while contributing to the nation\u2019s economic and military security. Consistent with\u00a0Executive Order 14154, \u2018Unleashing American Energy,\u2019 BLM\u2019s lease sales help meet the energy needs of U.S. citizens and solidify the nation as a global energy leader long into the future,\u201d the press release said.<\/p>\n

\u201cLeasing is the first step in the process to develop federal oil and gas resources. BLM ensures oil and gas development meets the requirements set forth by the National Environmental Policy Act of 1969 and other applicable legal authorities,\u201d the department said.<\/p>\n

\u201cOil and gas leases are awarded for a term of 10 years and as long thereafter as there is<\/p>\n

production of oil and gas in paying quantities. The federal government receives a royalty of 16.67 percent of the value of production. Information on current and upcoming BLM leases is available through the National Fluid Lease Sale System. The BLM will hold 15 more oil and gas lease sales in 2025,\u201d it added.<\/p>\n

On his first day in the White House, January 20, 2025, President Trump signed\u00a0Executive Order 14154, which was titled \u201cUnleashing American Energy\u201d and was designed to \u201cmeet the energy needs of U.S. citizens and solidify the nation as a global energy leader long into the future.\u201d<\/p>\n

\u201cAmerica is blessed with an abundance of energy and natural resources that have historically powered our Nation\u2019s economic prosperity. In recent years, burdensome and ideologically motivated regulations have impeded the development of these resources, limited the generation of reliable and affordable electricity, reduced job creation, and inflicted high energy costs upon our citizens. These high energy costs devastate American consumers by driving up the cost of transportation, heating, utilities, farming, and manufacturing, while weakening our national security,\u201d the executive order said.<\/p>\n

\u201cIt is thus in the national interest to unleash America\u2019s affordable and reliable energy and natural resources. This will restore American prosperity\u2014including for those men and women who have been forgotten by our economy in recent years. It will also rebuild our Nation\u2019s economic and military security, which will deliver peace through strength,\u201d it said.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0Getty Images \u201cDrill, baby, drill\u201d is the mantra of President Donald Trump\u2019s administration, and it is already paying dividends, according to the administration. 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