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You are here News Economy Myanmar-born 'dreamer' snaps up U.S. drilling leases amid industry malaise

Myanmar-born 'dreamer' snaps up U.S. drilling leases amid industry malaise

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Mayanmar-born dreamer snaps up oil drilling leasesA Myanmar-born perfume entrepreneur and missionary has snapped up nearly half of the oil and gas leases offered by the Trump administration since August, saying the coronavirus pandemic created an opportunity to buy them cheaply.

Levi Sap Nei Thang, who boasts a large social media following and said she is a Christian guided by meditation and prayer, spent more than $1 million bidding on federal drilling leases in 11 states in August and September, according to U.S. Bureau of Land Management sale documents.

The more than 100 leases cover nearly 87,000 acres (35,000 hectares), or 47% of the acreage offered at BLM auctions over five weeks in August and September, according to the documents.

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