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Interior Holds Biden Administration’s First Oil, Gas Lease Sale

June 29, 2022, 6:30 PM

The Interior Department on Wednesday auctioned 105 oil and gas leases on federal lands in Wyoming—the first onshore oil and gas lease sale since the final days of the Trump administration.

The sale was the first of a two-part Wyoming lease sale in which drilling rights to 122 total parcels will be auctioned. The parcels sold for as much as $6,018 per acre, and only six received bids above $1,000 per acre.

Most sold for amounts at or close to the $2-per-acre minimum bid, or received no bids at all. The names of the companies bidding hadn’t been made public ...