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U.S. DEPARTMENT OF THE INTERIORBUREAU OF LAND MANAGEMENT
Utah |
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| February 2007 Oil and Gas Lease Sale | ||
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BLM Utah’s February quarterly oil and gas lease sale netted $1.8 million dollars. Of the 65 parcels (108,000 acres) that were offered for lease, 58 parcels (93,000 acres) were sold with bids ranging from $2 to $900 per acre. Parcels that were not bid on will be open for noncompetitive bid for the next two years. Of the 58 parcels sold, 46 parcels were in Iron County, where significant new interest has developed for leasing. Bidding for Iron County parcels ranged from $2 minimum bids (per acre) to $190. Parcels at the February sale were also sold in Beaver, Carbon, Grand, San Juan, Uintah Counties. February Sale Notices and Results
News Releases
More information about Utah BLM's Oil and Gas Leasing Program can be found in Oil and Gas Qs and As. For infomation on how to obtain an oil and gas lease on public land see Qs and As for Leasees. |
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