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U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
California State Office
 
Release Date: 03/10/11
Contacts: Laurie Moore , 916-978-4377  
News Release No. CA-CC-11-34

BLM Oil and Gas Lease Auction Tops $1.4 Million


Six oil and gas lease parcels in Kern County were auctioned for a total of $1,479,093.50, including administrative fees, by the Bureau of Land Management’s Bakersfield Field Office Wednesday.

Vintage Production California, Bakersfield, paid the highest price per acre $2,000, and also paid the highest total bid price for one parcel, $1,008,000.

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 March 14, 2012, should be sent to the BLM, Attention:  Laurie Moore, 2800 Cottage Way Suite W-1623, Sacramento, Calif. 95825 no later than May 13.

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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California State Office   2800 Cottage Way      Sacramento, CA 95825  

Last updated: 03-14-2011