Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » U.S. unveils plans for June oil and gas drilling auctions

    U.S. unveils plans for June oil and gas drilling auctions

    April 19, 2022
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. REUTERS/Nick Oxford

    London — The Biden administration will offer oil and gas companies drilling rights on federal acreage in at least eight states in June, according to sale notices published on Monday.

    The announcements come days after the U.S. Department of Interior said it would resume oil and gas lease sales on public lands, a move that clashes with a pledge President Joe Biden made while campaigning for the White House.

    Biden paused drilling auctions shortly after taking office last year, citing the need to study the program’s value to taxpayers and impact on climate change.

    Last June, however, a federal judge ordered the lease sales to resume following a challenge from Republican-led states. The sales announced on Monday will take place online throughout the month of June, a full year after that court order.

    In its announcement last week, Interior said it would proceed with the sales, but with sharply diminished acreage and steeper royalties for oil and gas companies.

    On Monday, the U.S. Bureau of Land Management, an arm of the Interior Department, said it will offer 131,771 acres (53,326 hectares) to oil and gas companies in Wyoming, the largest planned sale. It had originally evaluated auctioning more than 550,000 acres in the state.

    The Wyoming sale, which will be held on June 21 and 22, accounts for more than 90% of the 144,000 acres the agency will offer during the month.

    BLM also reduced the acreage it will offer in Colorado, Utah, Montana, and Nevada from the levels it said it was considering last year.

    In Utah, for instance, the agency said it will offer just one 160-acre parcel at a June 28 online auction, down from its original plan of six parcels on more than 6,000 acres.

    The parcel on offer is located in an area of previous oil and gas development and includes an unplugged well that would need to be restarted or plugged, BLM documents said. Other parcels that were considered were located in areas used for recreation, BLM said.

    The agency is also planning lease sales for parcels in New Mexico, Oklahoma and North Dakota, it said.

    *Nichola Groom; editing: Jonathan Oatis & Stephen Coates – Reuters

    Related News

    Oil prices ease as traders assess US tariffs and OPEC+ output boost

    Exxon Mobil finds natural gas reservoir offshore Cyprus, government says

    Chevron preps quick closing of Hess deal and awaits result of Exxon dispute

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    NNPC/Shell’s ‘Vision First’ initiative in Lagos benefit thousands

    July 8, 2025

    AEC condemns Greenpeace for ‘calculated attacks’ to hinder energy development

    July 8, 2025

    Ghana launches task force to curb gold smuggling losses

    July 8, 2025

    Oil prices ease as traders assess US tariffs and OPEC+ output boost

    July 8, 2025

    Rivers Govt warns residents of imminent flood risk

    July 8, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.