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Release Date: 07/03/12
Contacts: Megan Crandall , 202-912-7411  

Payment of Annual Oil and Gas Lease Fees

WASHINGTON, D.C. — The Bureau of Land Management (BLM) today reminds oil and gas lessees that annual lease fees for non-producing oil and gas leases are due on or before the lease anniversary date.

Oil and gas leases without a producible well automatically terminate if the lessee fails to make full and timely payment of the annual rental fees to the Office of Natural Resources Revenue.  Annual rental rates for both competitive and non-competitive oil and gas leases issued after Dec. 22, 1987 are $1.50 per acre (or fraction thereof) in the first five years and $2.00 per acre each year thereafter.

To read more about rental payments for oil and gas leases please visit 43 CFR § 3103.2–2 Annual rental payments by clicking here.

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.

Last updated: 07-09-2012