Trump Administration Offers Last Oil & Gas Leases Ahead of the Presidential Elections

  • November 01, 2020 12:14 AM AEDT
  • Team Kalkine


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The Trump administration held an auction for oil and gas leases of over 7,000 acres in New Mexico.

  • The U.S. Bureau of Land Management raised over USD 3 million in bids for 11 lands; however,
  • The recent bid remained more successful against the previous one as oil prices stabilise around USD 40 a barrel.
  • The pre-acre prices for the current sale varied between USD 15 to USD 11,353 per acre, with an average price of USD 403 per acre.



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