"Revenue generated through lease sales is shared between the federal government and the states where the parcels are located."The lease sales were conducted in accordance with provisions of the One Big Beautiful Bill Act, which lowered the federal royalty rate for new onshore oil and gas production projects.
Prior to the bill, the rate was 16.67 percent, which dropped to 12.5 percent after its passage.
On the other hand...
"Since his first day back in office, Donald Trump has made it clear he wants to gift wrap our public lands to hand over to billionaires and corporate polluters. Now he wants to fast-track oil and gas drilling projects on national forest lands," said Mike Scott, Sierra Club’s oil and gas campaign manager.
"This is one more giveaway to the oil and gas industry and the latest example of Trump’s mismanagement of our country’s public lands and energy economy. It’s not ’energy dominance,’ it’s sacrificing lands, waterways, and wildlife to boost corporate profits."