Biden administration oil, gas auctions kick off with thin industry response
Author: Nichola Groom
The Biden administration's first sale of oil and gas drilling rights on federal land garnered thin industry interest on June 28, 2022 while environmental groups filed two separate lawsuits seeking to invalidate the results. The sales, which will continue on June 29, 2022 and cover eight states, were viewed as a test of oil industry demand for federal acreage amid soaring fuel prices and calls from President Joe Biden to increase domestic output.