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U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Wyoming State Office
 
Release Date: 03/01/12
Contacts: Ashlie Fahrer,    
  307-775-6184    

South Porcupine Coal Lease Sale Bid Rejected


The Bureau of Land Management (BLM) Wyoming State Office held a coal sale today for the South Porcupine Coal Tract. The 3,243.03 acre South Porcupine Coal Tract contains an estimated 401.83 million tons of mineable coal.

BTU Western Resources, Inc., a subsidiary of Peabody, submitted a bid for $361,647,000.00. The bid received did not meet BLM’s estimated fair market value of the tract and will be rejected.

Larry Claypool, Deputy State Director, Minerals and Lands said, “BLM received one bid for the tract. After reviewing the bid, we determined that it could not be accepted because it did not meet the BLM’s estimated fair market value.”

The coal resource offered consists of all reserves recoverable by surface mining methods. The tract is located two to five miles south of State Highway 450 and east of the Burlington Northern/Union Pacific main line railroad.

The lease-by application (LBA) tract is adjacent to Federal leases to the east and south as well as a State of Wyoming lease to the north, all controlled by the North Antelope Rochelle Mine. It is also adjacent to Federal leases to the west across the mainline railroad, which is part of Cloud Peak Energy Resources, LLC's Antelope Mine. It is adjacent to additional unleased Federal coal to the west.



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.
--BLM--

Wyoming State Office   5353 Yellowstone      Cheyenne, WY 82009  

Last updated: 03-01-2012