BLM Logo
U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Utah State Office
 
Release Date: 08/23/11
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. 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      SLC, UT 84101  

Last updated: 08-23-2011