BLM Oil and Gas Lease Sale in Montana and North Dakota Generates Over $21 Million in Revenue

BILLINGS, Mont. – The Bureau of Land Management leased 20 parcels totaling 3,388 acres in Montana and North Dakota for $21,339,550 in total receipts during a quarterly oil and gas lease sale. Combined lease bonus bids and rentals are distributed between the federal government and state where parcels are located. This lease sale was conducted under the Working Families Tax Cut Act , which resets the royalty rate for new federal onshore oil and gas production to a minimum of 12.5%, reversing the 16.67% rate set by the Inflation Reduction Act. By lowering the federal onshore royalty rate from 16.67% to 12.5%, the Working Families Tax Cut Act, also known as the One Big Beautiful Bill Act, reduces the cost of doing business on public lands, making oil and gas development more economically attractive to industry. This is expected to spur additional leasing and drilling activity, which in turn supports increased domestic energy production and strengthens U.S. energy security. Oil and gas lease sales support domestic energy production and American energy independence, while contributing to the nation’s economic and military security. Consistent with Executive Order 14154 , “Unleashing Amer

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