The Bureau of Land Management Utah seeks feedback on proposed oil and gas lease sale
SALT LAKE CITY – In accordance with congressional direction in the Inflation Reduction Act, the Bureau of Land Management Utah State Office started a 30-day scoping period to receive public input on 13 parcels totaling more than 16,619 acres that may be included in an upcoming lease sale.
The parcels the BLM will analyze, as well as maps and instructions on how to comment, are available on our ePlanning website at EplanningUi (blm.gov).
Future BLM lease sales will include updated fiscal provisions authorized in the Inflation Reduction Act:
- Minimum bids for all offered parcels will be $10 per acre, an increase from the $2 per acre minimum bid set in 1987;
- Royalty rates will be 16.67 percent, up from the previous minimum of 12.5 percent; and
- Rental rates will be $3 per acre for the first two years, $5 per acre for years three through eight, and $15 per acre in years nine and 10. Prior to the Inflation Reduction Act, rental rates were $1.50 per acre for the first five years and $2 per acre for each year thereafter, rates originally set in 1987.
Further information can be found here.
The BLM manages more than 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. Our mission is to sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.