Interior Department Nets $4 Billion With Oil Lease Sale in 2 States

Interior Secretary Doug Burgum said Trump was committed to putting the country’s resources to work for the benefit of its citizens.

A truck passes oil pump jacks at dusk near Karnes City, Texas, on Nov. 1, 2023. Eric Gay/AP Photo

The Department of the Interior (DOI) received more than $4 billion from oil and gas lease sales in Texas and New Mexico, the DOI said in a May 20 statement.

“The Bureau of Land Management leased 74 parcels totaling 33,530 acres during the quarterly lease sale. Combined bonus bids and rental payments from the sale totaled approximately $4,007,944,870,” the DOI said.