Posted inThe Pitch, Uncategorized

Federal oil & gas lease sale nets $14M

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

Dustin Bleizeffer covers energy and climate at WyoFile. He has worked as a coal miner, an oilfield mechanic, and for more than 25 years as a statewide reporter and editor primarily covering the energy...

Leave a comment

WyoFile's goal is to provide readers with information and ideas that foster constructive conversations about the issues and opportunities our communities face. One small piece of how we do that is by offering a space below each story for readers to share perspectives, experiences and insights. For this to work, we need your help.

What we're looking for: 

  • Your real name — first and last. 
  • Direct responses to the article. Tell us how your experience relates to the story.
  • The truth. Share factual information that adds context to the reporting.
  • Thoughtful answers to questions raised by the reporting or other commenters.
  • Tips that could advance our reporting on the topic.
  • No more than three comments per story, including replies. 

What we block from our comments section, when we see it:

  • Pseudonyms. WyoFile stands behind everything we publish, and we expect commenters to do the same by using their real name.
  • Comments that are not directly relevant to the article. 
  • Demonstrably false claims, what-about-isms, references to debunked lines of rhetoric, professional political talking points or links to sites trafficking in misinformation.
  • Personal attacks, profanity, discriminatory language or threats.
  • Arguments with other commenters.

Other important things to know: 

  • Appearing in WyoFile’s comments section is a privilege, not a right or entitlement. 
  • We’re a small team and our first priority is reporting. Depending on what’s going on, comments may be moderated 24 to 48 hours from when they’re submitted — or even later. If you comment in the evening or on the weekend, please be patient. We’ll get to it when we’re back in the office.
  • We’re not interested in managing squeaky wheels, and even if we wanted to, we don't have time to address every single commenter’s grievance. 
  • Try as we might, we will make mistakes. We’ll fail to catch aliases, mistakenly allow folks to exceed the comment limit and occasionally miss false statements. If that’s going to upset you, it’s probably best to just stick with our journalism and avoid the comments section.
  • We don’t mediate disputes between commenters. If you have concerns about another commenter, please don’t bring them to us.

The bottom line:

If you repeatedly push the boundaries, make unreasonable demands, get caught lying or generally cause trouble, we will stop approving your comments — maybe forever. Such moderation decisions are not negotiable or subject to explanation. If civil and constructive conversation is not your goal, then our comments section is not for you. 

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

Posted inThe Pitch, Uncategorized

Federal oil & gas lease sale nets $14M

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

Dustin Bleizeffer covers energy and climate at WyoFile. He has worked as a coal miner, an oilfield mechanic, and for more than 25 years as a statewide reporter and editor primarily covering the energy...

Leave a comment

WyoFile's goal is to provide readers with information and ideas that foster constructive conversations about the issues and opportunities our communities face. One small piece of how we do that is by offering a space below each story for readers to share perspectives, experiences and insights. For this to work, we need your help.

What we're looking for: 

  • Your real name — first and last. 
  • Direct responses to the article. Tell us how your experience relates to the story.
  • The truth. Share factual information that adds context to the reporting.
  • Thoughtful answers to questions raised by the reporting or other commenters.
  • Tips that could advance our reporting on the topic.
  • No more than three comments per story, including replies. 

What we block from our comments section, when we see it:

  • Pseudonyms. WyoFile stands behind everything we publish, and we expect commenters to do the same by using their real name.
  • Comments that are not directly relevant to the article. 
  • Demonstrably false claims, what-about-isms, references to debunked lines of rhetoric, professional political talking points or links to sites trafficking in misinformation.
  • Personal attacks, profanity, discriminatory language or threats.
  • Arguments with other commenters.

Other important things to know: 

  • Appearing in WyoFile’s comments section is a privilege, not a right or entitlement. 
  • We’re a small team and our first priority is reporting. Depending on what’s going on, comments may be moderated 24 to 48 hours from when they’re submitted — or even later. If you comment in the evening or on the weekend, please be patient. We’ll get to it when we’re back in the office.
  • We’re not interested in managing squeaky wheels, and even if we wanted to, we don't have time to address every single commenter’s grievance. 
  • Try as we might, we will make mistakes. We’ll fail to catch aliases, mistakenly allow folks to exceed the comment limit and occasionally miss false statements. If that’s going to upset you, it’s probably best to just stick with our journalism and avoid the comments section.
  • We don’t mediate disputes between commenters. If you have concerns about another commenter, please don’t bring them to us.

The bottom line:

If you repeatedly push the boundaries, make unreasonable demands, get caught lying or generally cause trouble, we will stop approving your comments — maybe forever. Such moderation decisions are not negotiable or subject to explanation. If civil and constructive conversation is not your goal, then our comments section is not for you. 

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

Gift this article