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Wyoming State Office
Release Date: 11/01/11
Contacts: Mary L. Wilson,    

BLM Oil and Gas Lease Sale Nets over $3 Million,
State of Wyoming to Get Nearly Half

The Bureau of Land Management (BLM) generated more than $3 million for leasing rights and rental fees on parcels offered at the BLM's quarterly Federal oil and gas lease auction held in Cheyenne on Nov. 1. Almost half of the bid and rental receipts go to the State of Wyoming.

Bids totaling $3,173,293.00 ranged from the federally mandated minimum of $2.00 per acre to a high bid of $340.00 per acre. Successful bidders also pay a $150 per parcel one-time administrative fee and a 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 48,227 acres in 50 parcels were sold, representing all of the acreage offered by the BLM in this sale.

The National System of Public Lands yielded $40 billion worth of energy and non-energy minerals in Fiscal Year 2010. The extraction of these resources and their introduction into the market boosted the American economy by approximately $103 billion.

The next BLM Wyoming oil and gas lease sale is scheduled for Tuesday, Feb. 7, 2012, in Cheyenne.

November 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 sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations. In Fiscal Year 2015, the BLM generated $4.1 billion in receipts from activities occurring on public lands.

Wyoming State Office   5353 Yellowstone      Cheyenne, WY 82009   

Last updated: 11-07-2011