[ad_1]
The Home Office announced Thursday that in the first three months of 2025, the federal government generated approximately $40 million in revenue from oil and gas lease sales on public land.
The development proves the value of President Donald Trump’s vision to unleash America’s energy control, the chief official said.
“The lease sales this quarter demonstrate an interior’s unwavering commitment to promoting American energy domination and we are grateful to those who generate energy on federal land,” Interior Secretary Doug Burgum said in a statement.
Pump Jack as seen in Tatum, New Mexico on Wednesday, March 30th, 2022. (AP Photo/Cedar Attanasio, file)
“Based on the common sense and pro-post policies of the Trump administration, it ensures that public land is being used to provide the maximum potential to support the national security, economic strength and livelihoods of the American people.”
AZ Senate Leader urges Burgum to finish the grip of Biden-Obama Land uranium site
The Bureau of Land Management (BLM), sponsored by Bulgham, has leased 34 land parcels for fossil fuel development since January.
These 25,038 acres resulted in $39,007,609 in total receipts.
Proceeds are split between the federal government where the lease was sold and the specific state.
RFK JR backs work obligation under snap exemption WV push, “Maha”
The oil pump jack works in the drive-thru area of McDonald’s in Bradford, Pennsylvania. (Reuters)
States that receive the stairwell include Montana, North Dakota, New Mexico, Wyoming and Nevada.
In a statement, the Interior Department said the sale is collaborating with Trump’s Executive Order 14154: “Unleashing American energy.”
The pump jack works in front of a drilling rig in the oil fields of Midland, Texas. (Reuters/Nick Oxford)
The department ensured that various compartments would be developed in parallel with the National Environmental Policy Act of 1969, the Environmental Quality and Impact Act led by former Senator Scoop Jackson, D-Wash.
Click here to get the Fox News app
The lease has a lifespan of one year, and “as long as there is production of oil and gas for the salary afterwards.”
The Fed is also entitled to a 16.67% royalty.
Charles Kraitz is a reporter for Fox News Digital.
He joined Fox News in 2013 as a writer and production assistant.
Charles covers the media, politics and culture of Fox News Digital.
Charles is a Pennsylvania native and graduated from Temple University with a Bachelor of Arts in Broadcast Journalism. Story tips can be sent to charles.creitz@fox.com.
[ad_2]Source link
