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U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Utah State Office
 
Release Date: 06/23/09
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
Utah Oil and Gas Lease Sale Results Summary

 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
   *Total Receipts Due includes bonus bids, first year’s rental and processing fees.



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. The BLM's mission is to manage and conserve the public lands for the use and enjoyment of present and future generations under our mandate of multiple-use and sustained yield. In Fiscal Year 2013, the BLM generated $4.7 billion in receipts from public lands.
--BLM--

Utah State Office   440 West 200 South, Suite 500      Salt Lake City, Utah 84145-0155  

Last updated: 03-04-2011