A pumpjack as seen on Wednesday, March 30, 2022, in Tatum, New Mexico. (AP Photo/Cedar Attanasio, File)
"By building on the commonsense, pro-growth policies of the Trump administration, we’re ensuring public lands are being used to their fullest potential to support national security, economic strength and livelihood of the American people."
AZ SENATE LEADER URGES BURGUM TO END BIDEN-OBAMA LAND GRABS OF URANIUM SITES
The Bureau of Land Management (BLM), which falls under Burgum’s auspices, leased 34 land parcels for fossil fuel development since January.
Those 25,038 acres brought in $39,007,609 in total receipts.
The revenues will be divided between the feds and each particular state where the leases were sold.
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Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas. (Reuters/Nick Oxford)
The department assured that the various parcels will be developed in alignment with the National Environmental Policy Act of 1969 – an environmental quality and impact law spearheaded by former Sen. Scoop Jackson, D-Wash.
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The leases have a one-decade lifespan and "as long thereafter as there is production of oil and gas in paying quantities."
The feds will are also entitled to a 16.67% royalty.
Charles Creitz is a reporter for Fox News Digital.
He joined Fox News in 2013 as a writer and production assistant.
Charles covers media, politics and culture for Fox News Digital.
Charles is a Pennsylvania native and graduated from Temple University with a B.A. in Broadcast Journalism. Story tips can be sent to charles.creitz@fox.com.
https://www.foxnews.com/politics/trump-admins-first-oil-gas-lease-sales-nets-nearly-40-million-u-s-coffers