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Trump administration set for its last auction of US oil drilling rights


By Nichola Groom
(Reuters) - The Trump administration on Thursday will offer the oil and gas industry a final chance to secure federal acreage before the inauguration of President-elect Joe Biden, who has pledged to ban new drilling on public lands.
The U.S. Bureau of Land Management will auction 37 parcels on 6,851 acres in New Mexico, Texas, Oklahoma and Kansas through the online auction site EnergyNet. Most of the parcels are in New Mexico overlaying parts of the sprawling Permian Basin, the world s biggest oil field.
The auction will reveal the level of demand for new leases from an industry facing an uncertain future for drilling on federal lands, weak prices and depressed demand for fuel due to the economic effects of the coronavirus pandemic. ....

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