The Interior Department will also pledge no new leasing for oil development on 10 million acres in Alaska’s National Petroleum Reserve, an area to th
The Interior Department will also pledge no new leasing for oil development on 10 million acres in Alaska’s National Petroleum Reserve, an area to the west of ANWR that has long been home to oil and gas drilling, according to the sources.
Former President Donald Trump had bragged about his success in opening ANWR to oil production after decades of political fighting over the resources locked under the tundra there. But oil industry interest in drilling for Alaska has waned over the years as companies turned to cheaper and more accessible oil in Texas, New Mexico and other states.
The lease sale held by the Trump Interior Department was seen as a flop, drawing only $14.4 million in bids from two companies and the Alaskan state oil development company.
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