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Revenues from oil and natural gas leases on onshore federal lands totaled $8.497B in 2023, according to a new Congressional Research Service.

Federal oil & natural gas leasing revenue tops nearly $8.5 billion in 2023

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Revenues from oil and natural gas leases on onshore federal lands totaled $8.497 billion in 2023, according to a new Congressional Research Service (CRS) report. In fact, oil and natural gas leasing represents a whopping 93 percent of the total federal revenue from all leasable minerals and geothermal on onshore federal lands.

In the past ten years, these revenues have consistently increased, exemplifying the ongoing, strong contributions the industry provides to the United States.

Source: Department of the Interior (DOI), Office of Natural Resources Revenue (ONRR)

The report comes on the heels of a major shift in federal support for oil and gas development on federal lands, with the Trump Administration making significant strides to streamline permitting and increase federal development.

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Source: Energy in Depth

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US DOI announced that it generated over $39 million in total receipts from oil and gas lease sales held in the first quarter of 2025.

USA DOI generates $39MM from 1Q 2025 oil, gas lease sales

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In a statement posted on its site recently, the U.S. Department of the Interior (DOI) announced that it generated over $39 million in total receipts from oil and gas lease sales held in the first quarter of 2025.

The Bureau of Land Management leased 34 parcels totaling 25,038 acres for $39,007,609 in total receipts for its first quarter of fiscal year 2025 oil and gas lease sales, the DOI noted in the statement. The organization highlighted that the Bureau of Land Management held oil and gas lease sales in Montana, North Dakota, New Mexico, Wyoming, and Nevada.

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Source: Rigzone

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