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U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Wyoming State Office
 
Release Date: 12/01/09
Contacts: Roger Alexander 307-775-6047    

BLM Oil and Gas Lease Sale Nets Almost $3 Million,
State of Wyoming to Get Nearly Half


The Bureau of Land Management generated $2,994,331.50 for leasing rights and rental fees on parcels offered at the BLM's bimonthly federal oil and gas lease auction held in Cheyenne on Dec. 1, 2009. Almost half of the bid and rental receipts go to the State of Wyoming.

Complete Results

"Energy development is an important component of the Wyoming economy and provides critical energy resources for the entire nation," said BLM Wyoming State Director Don Simpson.

Bids totaling $2,922,159 ranged from the federally mandated minimum of $2 per acre to a high bid of $350 per acre. Successful bidders also pay a $145 per parcel one-time administrative fee and yearly rental of $1.50 per acre for the first five years of the lease and $2 per acre in years six through 10.

A total of 42,879.370 acres in 54 parcels were sold.

Parcels that didn't receive bids at the auction are available noncompetitively for the yearly rental fee ($1.50 per acre for the first five years and $2 per acre for the second five years) and a $375 administrative fee at the BLM office in Cheyenne.

The next oil and gas lease sale will be held on Tuesday, Feb. 2, 2010, in Cheyenne.

December 2009 

Wyoming Competitive Sale Results Summary 

Parcels Offered 

58

Parcels Sold

54

% Parcels Sold

93.10%

Acres Offered

45,976.920

Acres Sold

42,879.370

% Acres Sold

93.26%

Average Bid/Acre
    For Acres Offered
    For Acres Sold


$63.56
$68.15

Average Bid/Parcel
    For Parcels Offered
    For Parcels Sold


$50,382.05
$54,114.06

Highest Bid/Acre

$350.00

Parcel with High Bid/Acre

16

Highest Bid/Parcel

$476,000.00

Parcel with High Total Bid 

12 

Total Bonus Bid

$2,922,159.00

Total Rental Due

$64,342.50

Total Administrative Fees Due

$7,830.00

Total Receipts Due

$2,994,331.50



The BLM manages more land - 253 million acres - than any other Federal agency. This land, known as the National System of Public Lands, is primarily located in 12 Western states, including Alaska. The Bureau, with a budget of about $1 billion, also administers 700 million acres of sub-surface mineral estate throughout the nation. 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.
--BLM--

Wyoming State Office   5353 Yellowstone      Cheyenne, WY 82009  

Last updated: 12-03-2009