BLM Oil and Gas Lease Auction Brings in over $104 Thousand

Fifteen oil and gas lease parcels in Fresno, Monterey and San Benito counties were auctioned for a total of $104,099.50, including administrative fees, by the Bureau of Land Management Dec. 12 in Sacramento.

West Coast Land Service, Bakersfield, paid the highest total bid price, $23,200 for a 2,320-acre parcel.  That was also the highest amount per acre at $10 per acre.  The parcel is located in Monterey County.

Full results of the lease sale are available online here: http://on.doi.gov/TXU5tz.

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 December 2013 should be sent to the BLM, Attention:  Laurie Moore, 2800 Cottage Way Suite W-1618, Sacramento, Calif. 95825 no later than Jan. 25, 2013.

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

Central California District   2800 Cottage Way, Sacramento, CA 95825