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U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Central California District
 
Release Date: 12/10/09
Contacts: David Christy , (916) 941-3146  
News Release No. CA-CC-10-11

BLM Oil and Gas Lease Auction Tops $2 Million


Nine oil and gas lease parcels in Kern and Kings counties were auctioned for a total of $2,024,413, including administrative fees, by the Bureau of Land Management’s Bakersfield Field Office Wednesday.

Occidental of Elk Hills, Bakersfield, paid the highest price for parcels, $843,323 for one parcel and $256,412 for a second parcel. Vintage Production, Bakersfield, paid $886,198 for six parcels. Venoco Inc., Carpinteria, paid $38,480 for one parcel.

BLM is required by law to periodically offer federal land 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.  An “expression of interest” is a letter or a form listing the legal description of lands an individual or company is interested in seeing offered for lease.

Expressions of interest for the lease auction planned for September 2010 should be sent to the BLM, Attention:  Laurie Moore, 2800 Cottage Way Suite W-1618, Sacramento, Calif. 95825 no later than Jan. 8, 2010.

For more information, contact Laurie Moore at (916) 978-4377 or Nora DeDios at the BLM Bakersfield Field Office, (661) 391-6129.




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Central California District   5152 Hillsdale Circle, El Dorado Hills, CA 95762  

Last updated: 12-10-2009