Proposed Parcels for February 2015 Oil and Gas Lease Sale Posted; November Sale Nets Over $8 Million

Proposed Parcels for February 2015 Oil and Gas Lease Sale Posted; November Sale Nets Over $8 Million
Proposed Parcels for February 2015 Oil and Gas Lease Sale Posted; November Sale Nets Over $8 Million
Oil well and associated facilities. BLM Photo.

CHEYENNE — The Bureau of Land Management (BLM) Wyoming State Office has posted its proposed list of parcels for the quarterly competitive sale scheduled for Tuesday, Feb. 3, 2015, at the Holiday Inn in Cheyenne, Wyo. Doors open at 7 a.m. with the auction beginning at 8 a.m.

The posted list, which identifies 153 proposed parcels totaling 157,334.61 acres, initiates a 30-day public protest period.

The sale includes parcels located in Big Horn, Converse, Crook, Fremont, Goshen, Hot Springs, Johnson, Natrona, Niobrara, Park, Washakie and Weston counties in Wyoming.

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Copies of the complete February 2015 competitive oil and gas lease sale notice will be available at the sale and may be purchased in advance for $5 from the State Office at 5353 Yellowstone Road in Cheyenne, or by writing: BLM, Attn: Copy Work, P.O. Box 1828, Cheyenne, Wyo. 82003. Copies are also available for purchase from each BLM field office in Wyoming.

The complete February 2015 competitive oil and gas lease sale notice may be viewed and/or downloaded free of charge at: https://www.blm.gov/wy/st/en/programs/energy/Oil_and_Gas/Leasing.html. Also available at this website are the oil and gas leasing environmental assessments, including public comments, for the February 2015 oil and gas lease sale.

 

BLM Oil and Gas Sale Nets Over $8 Million

The Bureau of Land Management (BLM) generated $8,950,305.50 for leasing rights on parcels offered at the BLM’s quarterly federal oil and gas lease auction held Nov. 4, in Cheyenne. Almost half of the bid and rental receipts go to the State of Wyoming.

Bids ranged from the federally mandated minimum of $2 per acre to a high bid of $1,030.00 per acre. Successful bidders also pay a $155 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.

The next BLM Wyoming oil and gas lease sale is scheduled for Tuesday, Feb. 3, 2015, in Cheyenne.

November 4, 2014
BLM Wyoming Competitive Sale Results Summary

Parcels Offered
89
Parcels Sold
88
% Parcels Sold
98.88%
Acres Offered
114,142.280
Acres Sold
114,102.110
% Acres Sold
99.96%
Average Bid/Acre
For Parcels Offered
For Acres Sold
$76.79
$76.82
Average Bid/Parcel
For Parcels Offered
For Parcels Sold
$98,488.45
$99,607.64
Highest Bid/Acre
$1,030.00
Parcel with High Bid/Acre
50
Highest Bid/Parcel
$1,630,980.00
Parcel with High Total Bid
85
Total Bonus Bid
$8,765,472.00
Total Rental Due
$171,193.50
Total Administrative Fees Due
$13,640.00
Total Receipts Due
$8,950,305.50