Congress was expecting to receive half of about $2.6 billion from the initial seven-year oil leases.
On the side, he started speculating in oil leases.
These provisions are advertised as a way to help balance the budget by raising a little over $1 billion in Federal sales of oil leases.
Born on an oil lease, she knew what he was talking about.
About twenty thousand a year from a family holding corporation that owns valuable oil leases in Texas.
"Nobody would do that with offshore oil leases," he said.
Remember how you screwed me out of the oil lease?
In addition, oil leases on the land no longer provide the return they did a few years back.
The technological changes have caused a tenfold increase in the price of oil leases, which are often made for 3 or 5 year terms.
A flurry of renewed interest in oil leases in the 1950s came to nothing.