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Federal oil & gas lease sale nets $14M

February 13, 2014 by Dustin Bleizeffer Leave a Comment

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Federal oil & gas lease sale nets $14M

— February 13, 2014

(Press release) — The Bureau of Land Management (BLM) generated more than $14 million for leasing rights on parcels offered at the BLM’s quarterly federal oil and gas lease auction held Tuesday 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 $5,400 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.

The next BLM Wyoming oil and gas lease sale is scheduled for Tuesday, May 6, 2014, in Cheyenne.

February 11, 2014, competitive sale results summary:

Parcels Offered: 165
Parcels Sold: 165

Acres Offered: 152,035.120
Acres Sold: 152,035.120

Average Bid/Acre
For Parcels Offered: $90.94
For Acres Sold: $90.94

Average Bid/Parcel
For Parcels Offered: $83,790.61
For Parcels Sold: $83,790.61

Highest Bid/Acre: $5,400.00
Highest Bid/Parcel: $936,000.00

Total Bonus Bid: $13,825,450.00
Total Rental Due: $228,112.50
Total Administrative Fees Due: $25,575.00
Total Receipts Due: $14,079,137.50


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Filed Under: The Pitch, Uncategorized

Dustin Bleizeffer

About Dustin Bleizeffer

Dustin Bleizeffer has worked as a coal miner, an oilfield mechanic, and for 20 years as a statewide reporter and editor primarily covering the energy industry in Wyoming. Most recently he was Communications Director at the Wyoming Outdoor Council, a John S. Knight Journalism Fellow at Stanford, and WyoFile editor-in-chief. He lives in Casper. You can reach him at (307) 267-3327, [email protected] or follow him on Twitter @DBleizeffer.

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Leave a Reply Cancel reply

Want to join the discussion? Fantastic, here are the ground rules:
- Identify yourself with full name and city. WyoFile stands behind everything we publish and expects commenters to do the same.
- No personal attacks, profanity, discriminatory language or threats. Keep it clean, civil and on topic.

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Federal oil & gas lease sale nets $14M

February 13, 2014 by Dustin Bleizeffer Leave a Comment

Print Friendly, PDF & Email

Federal oil & gas lease sale nets $14M

— February 13, 2014

(Press release) — The Bureau of Land Management (BLM) generated more than $14 million for leasing rights on parcels offered at the BLM’s quarterly federal oil and gas lease auction held Tuesday 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 $5,400 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.

The next BLM Wyoming oil and gas lease sale is scheduled for Tuesday, May 6, 2014, in Cheyenne.

February 11, 2014, competitive sale results summary:

Parcels Offered: 165
Parcels Sold: 165

Acres Offered: 152,035.120
Acres Sold: 152,035.120

Average Bid/Acre
For Parcels Offered: $90.94
For Acres Sold: $90.94

Average Bid/Parcel
For Parcels Offered: $83,790.61
For Parcels Sold: $83,790.61

Highest Bid/Acre: $5,400.00
Highest Bid/Parcel: $936,000.00

Total Bonus Bid: $13,825,450.00
Total Rental Due: $228,112.50
Total Administrative Fees Due: $25,575.00
Total Receipts Due: $14,079,137.50


Popular Articles:


State Capitol locked down as D.C. delegation condemns riots


It’s time for Wyo electeds to acknowledge the presidential winner


Largest development proposal for state’s Teton parcels withdrawn


Filed Under: The Pitch, Uncategorized

Dustin Bleizeffer

About Dustin Bleizeffer

Dustin Bleizeffer has worked as a coal miner, an oilfield mechanic, and for 20 years as a statewide reporter and editor primarily covering the energy industry in Wyoming. Most recently he was Communications Director at the Wyoming Outdoor Council, a John S. Knight Journalism Fellow at Stanford, and WyoFile editor-in-chief. He lives in Casper. You can reach him at (307) 267-3327, [email protected] or follow him on Twitter @DBleizeffer.

Reader Interactions

Leave a Reply Cancel reply

Want to join the discussion? Fantastic, here are the ground rules:
- Identify yourself with full name and city. WyoFile stands behind everything we publish and expects commenters to do the same.
- No personal attacks, profanity, discriminatory language or threats. Keep it clean, civil and on topic.

Your email address will not be published. Required fields are marked *

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