Devon Energy Secures Over 50% of $4 Billion U.S. Oil and Gas Lease Auction on May 20, Breaking Records

GateNews
According to the Trump administration, Devon Energy secured over 50% of the $4 billion in bids for federal oil and gas drilling rights on New Mexico and Texas lands on May 20, setting a new record for onshore government lease auctions. The previous high for a single onshore auction was $972 million, set in 2018.
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