A Major Win for American Energy Independence
Trump Energy Reform Generates $58 Million, The Department of the Interior has announced a successful lease sale under the One Big Beautiful Bill Act. Conducted by the Bureau of Land Management (BLM) New Mexico State Office, the auction generated over $58 million from 16 oil and gas parcels covering 7,501 acres.
Lower Royalty Rates, Higher Industry Confidence
This marks the first lease sale since the Trump-backed bill reset federal royalty rates. Reversing the Biden-era 16.67% rate, the new minimum royalty of 12.5% significantly reduces costs for energy companies. The result? Increased leasing, stronger bidding, and renewed industry interest.
Boosting Domestic Energy Production
Lower royalties encourage companies to drill more. This leads to greater domestic production, which strengthens national energy security. It also puts American oil workers back on the job and ensures stable fuel prices for U.S. families and businesses.
Secretary Burgum Hails Milestone
“This lease sale shows what’s possible when we unleash American energy,” said Interior Secretary Doug Burgum. “By cutting red tape and lowering costs, President Trump is restoring our energy dominance and putting prosperity back in the hands of the people.”
Revenue Shared with New Mexico
The $58 million raised doesn’t just support the federal government. A large portion is shared with the State of New Mexico, helping local communities and infrastructure.
Meeting National Environmental Standards
Despite ramping up production, all leases follow strict rules under the National Environmental Policy Act. The BLM ensures environmental protections are upheld throughout the lease period.
Energy Independence Equals National Strength
Executive Order 14154, “Unleashing American Energy,” reinforces the administration’s push for reliable, affordable domestic energy. Oil and gas leases remain a pillar of economic and military security.
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