U.S. nets $46,000 on Trump’s California oil, gas drilling auction, Reuters

By Nichola Groom

(Reuters) -U.S. taxpayers netted less than $50,000 on Thursday in bids for oil and gas leases in California as the Trump administration held the first federal drilling auction since 2012 in the Democratic and environmentally minded state.

The auction for drilling rights on seven parcels covering 4,100 acres (16.6 square kilometers) generated $46,148.64, according to results on the auction site EnergyNet. MORE>>

Reporting by Nichola GroomEditing by Marguerita Choy and David Gregorio

𝐒𝐎𝐔𝐑𝐂𝐄 𝐀𝐑𝐓𝐈𝐂𝐋𝐄: https://www.reuters.com/article/usa-drilling-california/us-nets-46000-on-trumps-california-oil-gas-drilling-auction-idUSKBN28K1G2