Trump admin's first oil and gas-lease sales nets nearly $40 million for U.S. coffers

The Interior Department announced Thursday that in the first three months of 2025, the federal government brought in nearly $40 million in revenue from oil and gas lease sales on public land.

The development proves the worth of President Donald Trump's vision to unleash American energy dominance, a top official said.

"By building on the commonsense, pro-growth policies of the Trump administration, we're ensuring public lands are being used to their fullest potential to support national security, economic strength and livelihood of the American people." 

Those 25,038 acres brought in $39,007,609 in total receipts.

The revenues will be divided between the feds and each particular state where the leases were sold.

States receiving the windfalls include Montana, North Dakota, New Mexico, Wyoming and Nevada.

The Interior Department said in a statement that the sales were in concert with Trump's Executive Order 14154: "Unleashing American Energy." 

The department assured that the various parcels will be developed in alignment with the National Environmental Policy Act of 1969 - an environmental quality and impact law spearheaded by former Sen. Scoop Jackson, D-Wash.

The feds will are also entitled to a 16.67% royalty.