Record-breaking $4 billion generated in federal Permian lease sale
May 25, 2026
The recent federal oil and gas lease sale in the Permian basin in Texas and New Mexico set a new record by bringing in over $4 billion. This milestone auction, driven by stronger oil prices and pro-development policies, reflects a growing optimism in the industry and highlights the increased drilling activity in the region, which could have positive implications for American energy production and investment.
