Utah State Office
| Contacts: | Megan Crandall | , 801-539-4061 |
Results of Utah BLM Quarterly Oil and Gas Lease Sale
Salt Lake City, Utah—The Bureau of Land Management held its quarterly oil and gas lease sale today at the BLM Utah State Office in Salt Lake City. The BLM sold 31 of the 42 offered parcels, totaling 40,345 acres of federal land located in the Fillmore, Price and Vernal Field Offices. During the oral auction, BLM received $1,244,199 in bonus bids for the federal oil and gas lease rights. In addition to the bonus bids, the sale netted $60,531 in rental fees and $4,340 in administrative fees, for $1,309,070 in total revenues from this lease sale.
John P. Hollmann of Hot Springs, S.D., submitted the highest total bid per acre—$900 on parcel number 001 containing 149 acres and located in the Fillmore Field Office. The highest total bid per parcel was submitted by Questar of Denver, Colo.—$429,120 on parcel 58 containing 1,340 acres located in the Vernal Field Office.
Initial reporting by some media outlets stated that the sale of lease parcels at today’s auction was suspended. This is not correct. The 31 leases auctioned today are, in fact, sold. However, BLM Utah delays issuing leases until all protests on lease parcels are resolved.
June 2009 | |
| Parcels Offered for Auction | 42 |
| Parcels Sold | 31 |
| % Parcels Sold | 73.81% |
| Acres Offered | 53,821 |
| Acres Sold | 40,345 |
| % Acres Sold | 74.96% |
| Average Bid/Acre Sold | $30.84 |
| Average Bid/Parcel Sold | $40,135 |
| Highest Bid/Acre | $900 |
| Parcel with High Bid/Acre | 001 |
| Highest Bid/Parcel: | $429,120 |
| Parcel with High Total Bid | 58 |
| Total Bonus Bid | $1,244,199 |
| Total Rental Due | $60,531 |
| Total Administrative Fees Due | $4,340 |
| Total Receipts Due* | $1,309,070 |
The BLM manages more than 245 million acres of public land, the most of any Federal agency. This land, known as the National System of Public Lands, is primarily located in 12 Western states, including Alaska. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. In Fiscal Year (FY) 2011, recreational and other activities on BLM-managed land contributed more than $130 billion to the U.S. economy and supported more than 600,000 American jobs. The Bureau is also one of a handful of agencies that collects more revenue than it spends. In FY 2012, nearly $5.7 billion will be generated on lands managed by the BLM, which operates on a $1.1 billion budget. The BLM's multiple-use mission is to sustain the health and productivity of the public lands for the use and enjoyment of present and future generations. The Bureau accomplishes this by managing such activities as outdoor recreation, livestock grazing, mineral development, and energy production, and by conserving natural, historical, cultural, and other resources on public lands.
Utah State Office 440 West 200 South, Suite 500 Salt Lake City, Utah 84145-0155