U.S. DEPARTMENT OF THE INTERIORBUREAU OF LAND MANAGEMENT
For Release: March 11, 2009
BLM Oil and Gas Lease Auction Tops $63,000
Eleven oil and gas lease parcels in Kern County were auctioned for a total of $63,223 in revenues, including administrative fees, by the Bureau of Land Management’s Bakersfield Field Office today.
Occidental Petroleum, Bakersfield, was the per-acre high bidder at $42.50 per acre for a 40-acre lease in Kern County. Occidental Petroleum, Inc. was the highest bidder by total at $11,857.50.
Results by parcel were:
The next lease auction is scheduled for June 23, 2009, in Sacramento.
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