BLM’s Nevada oil sale goes bust

By Heather Richards | 06/26/2024 06:42 AM EDT

No companies bid on developing a parcel offered by the Bureau of Land Management.

Oil pump jacks in a grass field on federal lands in Maljamar, New Mexico.

Oil pump jacks on federal lands. Ross D. Franklin/AP

The Biden administration held an oil sale in Nevada on Tuesday. No one showed up.

The Bureau of Land Management offered 2,080 acres in southeast Nevada for auction, the first sale in the Silver State this year. But the auction attracted zero bidders.

It wasn’t the first time an oil sale on Nevada’s federal land failed to entice oil and gas speculators. A large sale during the Trump administration’s “energy dominance” era in 2018 also closed with no participants.


Tuesday’s sale is one of several the Biden administration is quietly holding this summer.