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Wyoming State Office
Release Date: 02/01/11
Contacts: Roger Alexander    

BLM Oil and Gas Lease Sale Nets Over $2 Million,
State of Wyoming to Get Nearly Half

The Bureau of Land Management generated $2,177,122.00 for leasing rights and rental fees on parcels offered at the BLM's quarterly federal oil and gas lease auction held in Cheyenne on Feb. 1, 2011. Almost half of the bid and rental receipts go to the State of Wyoming.

"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 $2,153,003.00 ranged from the federally mandated minimum of $2.00 per acre to a high bid of $700.00 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 13,267.26 acres in 29 parcels were sold.

The next oil and gas lease sale will be held on Tuesday, May 3, 2011 in Cheyenne.

February 1, 2011 

Wyoming Competitive Sale Results Summary

Parcels Offered 


Parcels Sold


% Parcels Sold


Acres Offered


Acres Sold


% Acres Sold


Average Bid/Acre
    For Acres Offered
    For Acres Sold


Average Bid/Parcel
    For Parcels Offered
    For Parcels Sold


Highest Bid/Acre


Parcel with High Bid/Acre


Highest Bid/Parcel


Parcel with High Total Bid 


Total Bonus Bid


Total Rental Due


Total Administrative Fees Due


Total Receipts Due


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 2014, the BLM generated $5.2 billion in receipts from public lands.

Wyoming State Office   5353 Yellowstone      Cheyenne, WY 82009  

Last updated: 02-01-2011