BLM posts federal mineral lease parcels for February sale

— November 6, 2014

(Press release) — The Bureau of Land Management (BLM) Wyoming State Office has posted its proposed list of parcels for the quarterly competitive oil and gas lease sale scheduled for Tuesday, Feb. 3, 2015, at the Holiday Inn in Cheyenne. Doors open at 7 a.m., and the auction begins 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.

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 this website. 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.

November lease sale nets $8M

The 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.

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