BLM holds March 2024 sale for Wyoming oil and gas leases

CHEYENNE, Wyo. – The Bureau of Land Management Wyoming State Office held a competitive oil and gas lease sale, offering 28 parcels covering 12,974.71 acres in Wyoming. In total, 204 bids were received, with 25 parcels covering 11,737.96 acres leased, roughly 90.5 percent of the total acreage available. A total of $9,003,285.00 in high bids were received.

The environmental assessment, maps, parcel lists, Notice of Competitive Lease Sale and proposed lease stipulations are available online at the BLM’s ePlanning website at: https://eplanning.blm.gov/eplanning-ui/project/2025221/510.

As authorized under the Inflation Reduction Act, BLM will apply a 16.67 percent royalty rate for any new leases from this sale. More information about the Act is available on BLM's online fact sheet.

Leasing is the first step in the process to develop Federal oil and gas resources. Before development operations can begin, an operator must submit an application for permit to drill detailing development plans. The BLM reviews applications for permits to drill, posts them for public review, conducts an environmental analysis and coordinates with State partners and stakeholders.

All parcels leased as part of an oil and gas lease sale include appropriate stipulations to protect important natural resources. Information on current and upcoming BLM lease sales is available through the National Fluid Lease Sale System.