U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Wyoming State Office
|Release Date: 01/26/12|
Federal Coal Lease Sale Set for February 29, 2012
The Bureau of Land Management (BLM) will hold a competitive coal lease sale by sealed bid at 10 a.m. on Wednesday, Feb. 29, 2012. The sale will be held in the first floor conference room (Room 107) at the BLM Wyoming State Office, 5353 Yellowstone Road, Cheyenne, Wyo.
The South Porcupine Coal Tract, a 3,243.03 acre area containing an estimated 401.83 million tons of mineable coal, will be offered for lease to the qualified high bidder of the highest cash amount. The high bid must meet or exceed BLM’s estimate of the fair market value of the tract, which is a minimum of $100 per acre.
Once a lease is issued, an annual rental payment of $3 per acre is required, along with a royalty payment of 12.5 percent of the value of coal produced by surface mining methods.
"Wyoming is the number one coal producer from public lands, contributing over 500 million tons of coal to the nation’s domestic energy supply in 2009," said BLM Wyoming State Director Don Simpson.
More than half of the electricity consumed annually in the United States is produced from the 1.1 billion tons of coal used domestically each year, with 33 percent coming from Wyoming public lands. Last fiscal year, coal royalties of $590 million were collected and shared nearly equally with the State of Wyoming.
Sealed bids should be sent by certified mail, return receipt requested, or hand delivered to the Cashier, BLM Wyoming State Office, 5353 Yellowstone Road, P.O. Box 1828, Cheyenne, WY 82003. Bids must be received no later than 4 p.m. on Tuesday, Feb. 28, 2012.
For more information, or to obtain further bidding instructions, please contact Kathy Muller Ogle, (307) 775-6206, or Mavis Love, (307) 775-6258.
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 Road Cheyenne, Wyoming 82009
|Last updated: 01-26-2012|
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