Utah State Office
| Contacts: | Lola Bird, 801-539-4033 |
BLM Quarterly Oil and Gas Lease Sale Results
SALT LAKE CITY – 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 five of the ten offered parcels. The sold parcels total 2,958 acres of federal land located in the Fillmore Field Office. During the oral auction, the BLM received $81,205 in bonus bids for the federal oil and gas lease rights. In addition to the bonus bids, the sale netted $4,440 in rental fees and $725 in administrative fees, for $86,370 in total revenues from this lease sale.
Sonja McCormick of Salt Lake City submitted the highest total bid per acre—$110 on parcel number 11 containing 120 acres. The highest total bid per parcel was by Sonja McCormick of Salt Lake City —$62,335 on parcel number 10 containing 958 acres.
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 SLC, UT 84101