News listings

energy-pedia licensing

USA flagUSA

South America / GoM >>> USA

US: BLM Wyoming leases 123 oil and gas parcels in December sale - nets USD10.8 million


12 Dec 2019

Photo - see caption

The Bureau of Land Management Wyoming raised $10.8 million in its Dec. 10-11, 2019, quarterly oil and gas lease sale, facilitating economic opportunities and infrastructure investment in local communities. The BLM received bids on 123 parcels totaling about 123,258 acres.

The BLM reviewed 169 parcels nominated for the sale and ultimately offered 160, totaling about 173,265 acres. We deleted or deferred nine whole parcels and parts of six others because of resource conflicts.

Leasing is the first step in the process to develop federal oil and gas resources, and it does not authorize drilling. At this stage, the BLM applies standard terms and conditions and appropriate stipulations to each lease to protect other resources in the area. Before authorizing development on a lease, the BLM must approve a separate drilling permit based on further analysis of detailed site-specific plans and conditions.

To learn more about the sale and associated review process, visit our ePlanning website at https://go.usa.gov/xEdur. We will post a detailed results summary on the web within the coming week.

Wyoming is one of the nation’s top energy producers on public lands. In 2018, BLM Wyoming lease sales garnered nearly $117 million. About half of the revenue from Wyoming lease sales is disbursed to the State of Wyoming to fund state-determined priority projects. If a lease results in production, the associated royalties are also shared with the state.

The BLM manages more than 245 million acres of public land located primarily in 12 Western states, including Alaska. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. In fiscal year 2018, the diverse activities authorized on BLM-managed lands generated $105 billion in economic output across the country. This economic activity supported 471,000 jobs and contributed substantial revenue to the U.S. Treasury and state governments, mostly through royalties on minerals. 

Original article link

Source: BLM





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 355

Completed Deals

Completed Upstream Deals: 5492

Company Profiles

Current Company Profiles: 2722

Corporate Activity

Current Corporate Activity articles: 3495

Companies Looking

Current number of articles: 439

Company Sales

Current Company Sales articles:1420

Geostudies

Current Geostudies articles: 732

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Rose & Assocs 149
Union Jack Oil 149
KL Publishing
energy365
SLR Consulting logo
Bayphase
Geoespace
Government of South Australia
OPC
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com