News Release

For  Release:  June 18, 2008              
Contact:  David Christy, (916) 985-4474
CA-CC-08-75

BLM Oil and Gas Lease Auction Tops $300,000

Thirty-six oil and gas lease parcels in Fresno, Monterey and San Benito counties were auctioned for a total of $347,042 in revenues, including administrative fees, by the Bureau of Land Management’s California State Office June 11.

TRIO Petroleum, Bakersfield, was the per-acre high bidder at $310 per acre for a 320-acre lease in Fresno County. TRIO also was the highest bidder by total at $99,200.

Results by parcel were:
• Parcel 6-08-1: 1,280 acres, $6.50 per acre.
• Parcel 6-08-2: 1,952 acres, $2 per acre.
• Parcel 6-08-3: 440 acres, $2 per acre.
• Parcel 6-08-4: 1,720 acres, $2 per acre.
• Parcel 6-08-5: 1,391 acres, $2 per acre.
• Parcel 6-08-6: 1,537 acres, $2 per acre.
• Parcel 6-08-7: 2,193 acres, $2 per acre.
• Parcel 6-08-8: 2,249 acres, $2 per acre.
• Parcel 6-08-9: 1,080 acres, $2 per acre.
• Parcel 6-08-10: 1,520 acres, $2 per acre.
• Parcel 6-08-11: 559 acres, $2 per acre.
• Parcel 6-08-12: 1,233 acres, $2 per acre.
• Parcel 6-08-13: 1,891 acres, $15 per acre.
• Parcel 6-08-14: 1,545 acres, $18 per acre.
• Parcel 6-08-15: 40 acres, $25 per acre.
• Parcel 6-08-16: 2,256 acres, $2 per acre.
• Parcel 6-08-17: 2,136 acres, $2 per acre.
• Parcel 6-08-18: 1,035 acres, $2 per acre.
• Parcel 6-08-19: 2,227 acres, $2 per acre.
• Parcel 6-08-20: 1,381 acres, $2 per acre.
• Parcel 6-08-21: 1,760 acres, $2 per acre.
• Parcel 6-08-22: 1,280 acres, $2 per acre.
• Parcel 6-08-23: 1,722 acres, $2 per acre.
• Parcel 6-08-24: 1,640 acres, $2 per acre.
• Parcel 6-08-25: 1,280 acres, $2 per acre.
• Parcel 6-08-26: 2,320 acres, $2 per acre.
• Parcel 6-08-27: 2,340 acres, $2 per acre.
• Parcel 6-08-28: 600 acres, $2 per acre.
• Parcel 6-08-29: 1,375 acres, $2 per acre.
• Parcel 6-08-30: 760 acres, $2 per acre.
• Parcel 6-08-31: 2,016 acres, $2 per acre.
• Parcel 6-08-32: 1,728 acres, $2 per acre.
• Parcel 6-08-33: 1,580 acres, $2 per acre.
• Parcel 6-08-34: 1,920 acres, $2 per acre.
• Parcel 6-08-35: 320 acres, $310 per acre.
• Parcel 6-08-36: 1,141 acres, $2 per acre.

BLM is required by law to periodically offer federal lands for lease for oil and gas exploration and development. The oil and gas industry is encouraged to submit an "expression of interest" for federal land parcels in California that have potential for development.

Further information regarding the lease auctions can be obtained from Laurie Moore at the BLM California State Office, telephone (916) 978-4377, Nora DeDios at the BLM Bakersfield Field Office, telephone (661) 391-6129, or on the web go to http://www.blm.gov/ca/st/en/prog/energy/og/instructions.html

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