U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Utah State Office
|Release Date: 02/19/13|
BLM-Utah Quarterly Oil and Gas Lease Sale Results
SALT LAKE CITY—The Bureau of Land Management (BLM) Utah received bonus bids totaling $4,068,198 for 26 parcels covering 37,414 acres at the quarterly oil and gas lease sale held today at the BLM-Utah State Office in Salt Lake City.
The BLM sold all 26 offered parcels. In addition to the bonus bids, the sale netted $56,134.50 in rental fees and $3,900 in administrative fees, for $4,128,232.50 in total receipts from this lease sale. Receipts from federal oil and gas leases are shared with the state and county where the leased lands are located.
Percheron Energy, LLC, of Denver submitted the highest total bid per acre—$340.00—for parcel number 129 located in the BLM-Utah Canyon Country District. Land Professionals, Inc., of Afton, Wyo., submitted the highest total bid per parcel—$614,600—for parcel number 207 located in the BLM-Utah Color Country District.
All leases are issued with conditions on oil and gas activities to protect the environment; these can include limits on when drilling can occur or restrictions on surface occupancy. Once an operator proposes exploration or development on a BLM-issued lease, further environmental analysis under the National Environmental Policy Act is conducted to determine the site-specific need for various types of impact-limiting or mitigation measures. In addition, many operators routinely use Best Management Practices, such as remote monitoring of producing wells, to minimize surface impact.
Additional information regarding competitive sale lists, detailed results of oil and gas lease sales, or the leasing process is available by writing the Bureau of Land Management, 440 West 200 South, Ste. 500, Salt Lake City, Utah, 84101, or by visiting:
*Total Receipts Due includes bonus bids, first year’s rental and processing fees.
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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 multiple-use mission is to sustain the health, diversity, and productivity of the public lands for the use and enjoyment of present and future generations. In Fiscal Year 2012, activities on public lands generated $4.6 billion in revenue, much of which was shared with the States where the activities occurred. In addition, public lands contributed more than $112 billion to the U.S. economy and helped support more than 500,000 jobs.
Utah State Office 440 West 200 South, Suite 500 SLC, UT 84101-1345
|Last updated: 02-19-2013|
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