Lease sales in Wyoming grow but fall below historic highs

Wednesday, April 03, 2019

In September, companies spent a jaw-dropping $1 billion at a lease sale in New Mexico for potential oil and gas development along the state's eastern border, where the Permian spills over from West Texas.

The sale was the largest under the Trump administration, which has pushed a pro-business platform since taking over in 2017. Sales in Wyoming, meanwhile, have set more modest records, but operators in the Equality State have certainly had a pro-industry story to tell that is at least partially attributable to a friendly administration in Washington.

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