Biden Administration to Hold First Onshore Oil, Gas Lease Sale

The BLM lease sales will run June 29-30 and will cover more than 140,000 acres across eight Western states, posing a test of the oil and gas industry's demand for new prospects at a time of soaring global energy prices.

Reuters

The U.S. Interior Department this week will hold its first onshore oil and gas auctions since President Joe Biden took office, a setback to his administration's early efforts to end federal drilling to fight climate change.

The lease sales will run June 29-30 and will cover more than 140,000 acres (570 sq km) across eight Western states, posing a test of the drilling industry's demand for new prospects at a time of soaring global energy prices.

Over 90% of the acreage will be in big oil producing state Wyoming, with the rest sprinkled across Colorado, Montana, Nevada, New Mexico, North Dakota, Oklahoma and Utah.

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