The Trump administration has backed off its regular oil and gas lease sale schedule, postponing at least two auctions that had been set for later this month after delaying a major sale in New Mexico in May, according to an official web site.
The moves mark a shift for the U.S. Department of Interior, which had proceeded with a slew of oil and gas lease sales on public lands earlier this year as the outbreak of the coronavirus caused energy prices to crash.
Drilling on federal lands is a crucial part of President Donald Trump's "energy dominance" agenda to maximize domestic production of fossil fuels.
The U.S. Bureau of Land Management (BLM), the arm of the Interior Department that oversees lease sales, postponed a sale of seven oil and gas leases on more than 10,000 acres in Nevada that had been scheduled for June 9. It is also delaying the sale of two parcels on 88 acres in Mississippi that had been expected on June 18, according to the online auction platform EnergyNet.
A Utah sale of four parcels on more than 4,000 acres scheduled for next week was also removed from the EnergyNet's calendar. BLM officials in Utah had not initiated a 10-day public protest period required before a sale may proceed.
BLM officials did not respond to questions about the status of the sales.
Last month, the administration abruptly postponed an auction of oil and gas leases in New Mexico without providing a reason. It would have been the first government oil and gas auction since U.S. crude oil futures briefly plunged below zero for the first time in history in April.
BLM offices in two other states—Wyoming and Colorado—still have lease sales scheduled for late June.
Recommended Reading
TGS, SLB to Conduct Engagement Phase 5 in GoM
2024-02-05 - TGS and SLB’s seventh program within the joint venture involves the acquisition of 157 Outer Continental Shelf blocks.
2023-2025 Subsea Tieback Round-Up
2024-02-06 - Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.
StimStixx, Hunting Titan Partner on Well Perforation, Acidizing
2024-02-07 - The strategic partnership between StimStixx Technologies and Hunting Titan will increase well treatments and reduce costs, the companies said.
Tech Trends: QYSEA’s Artificially Intelligent Underwater Additions
2024-02-13 - Using their AI underwater image filtering algorithm, the QYSEA AI Diver Tracking allows the FIFISH ROV to identify a diver's movements and conducts real-time automatic analysis.
Subsea Tieback Round-Up, 2026 and Beyond
2024-02-13 - The second in a two-part series, this report on subsea tiebacks looks at some of the projects around the world scheduled to come online in 2026 or later.