The Trump administration has unveiled the profit of the first quarter of the oil and gas industry, with if he brags that the drill, baby, drill 'agenda of the president produces a high payment, for the benefit of the states of the oil producing.
The increasing oil and gas production has been a top priority for Donald Trump, who campaigned heavily on the issue and signed an executive order on American energy during his first day at work.
The Ministry of the Interior announced on Thursday that more than $ 39 million was generated from the sale of oil and gas lease during the first quarter of the year.
The announcement that the income is in line with the focus of administration on unleashing domestic energy production, supporting job growth and reducing dependence on foreign means by efficient, streamlined permits and lease processes. '
The income comes from 34 newly rented areas, or packages, in Montana, North Dakota, New Mexico, Wyoming and Nevada. The packages amounted to a total of more than 25,000 hectares of land.
The funds will be divided between the federal government and the states with lease contracts that produce the oil and gas.
“The lease sale of this quarter shows the non -repellent dedication of Interior to promote American energy dominance, and we are grateful for those who produce energy in federal countries,” said the Ministry of the Interior in a press release.
“By building on common sense, pro-growing policy of the Trump government, we ensure that public lands are used to their full potential to support the national security, economic strength and livelihood of the American people.”
The Ministry of the Interior announced that the sale of oil and gas was more than $ 39 million for the first quarter of 2025
Donald Trump often referred to his 'exercise, baby, drill' agenda on the campaign track and signed an executive order on his first day eliminating climate protection and strengthening the oil and gas industry
Department of Domestic Secretary Doug Burgum said that the income is representing the dedication of the administration to promote US Energy Dominance
Oil and gas lease has been set for 10 years and the federal government receives a royalty of 16.67 percent.
The Bureau of Land Management also announced that it would add 15 leases in 2025.
The Department stated that the recent income profits are in accordance with the Executive Order of Trump, entitled, the unleashed of American Energy.
The order destroyed a whole series of environmental reforms set out by the BIDEN administration and destroyed the American Climate Corps of the former president of the former president, who was intended to retain the countries and waters of the country.
In the order, Trump stated that the previous administration has been advertised 'difficult and ideologically motivated regulations' that 'hindered the development' of energy sources.
On Friday, the Ministry of the Interior announced an update on the progress in offshore oil and gas production.
“The energy -dominance strategy unleashed unprecedented investments in American energy,” said Burgum.
“By cutting bureaucracy, streaming the permit and taking care of the legal security, we unlock the full potential of our offshore sources while retaining the highest safety standards.”
The states that receive the payment for production are Montana, North Dakota, New Mexico, Wyoming and Nevada
An announcement from the Ministry of the Interior praised the leadership of Burgum and Trump for the high income
Climate activists have previously warned the risks of Trump's agenda, referring to the risks for the environment and the surrounding animals in the wild that emissions from the gas industry can emit
The announcement stated that under the leadership of Trump the department 'historical growth in offshore stimulated oil and gas production'.
In accordance with the aim of the administration, the department launched the Semi -submersible floating production system from Shenandoah, a seagoing vessel used for offshore oil and gas production in deep water.
Trump's emphasis on the oil and gas production of oil has received a major recoil for environmental problems.
“Drilling projects work 24 hours a day to generate pollution, attract climate change, to disrupt wildlife and damage public land that were reserved to benefit all people,” said the Wilderness Society.
Production emissions can aggravate climate change and spread pollutants that can have health effects on nearby communities.
Development can also spread natural countries, harm animals and potentially fatal for animals.
