CASPER, Wyo. – The Bureau of Land Management Wyoming announced Wednesday, March 25, that they have leased 75 oil and gas parcels in their quarterly lease sales.
It generated over $ 3.4 million. BLM Wyoming says they received bids on the 75 parcels, which make up a total of 71,689 acres of land.
“BLM reviewed 125 packages that were nominated for the sale and ultimately offered 105, a total of approx. 118,216 acres, ”the release states. “We have deleted or postponed 20 whole packages and parts of 10 others due to resource conflicts.”
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“Leasing is the first step in the process of developing federal oil and gas resources and it does not allow drilling. At this time, BLM applies standard terms and appropriate terms for each lease to protect other resources in the area. Before BLM approves development on a lease, BLM must approve a separate drilling permit based on further analysis of detailed site-specific plans and conditions. “
The BLM says that in the midst of the COVID-19 outbreak, they will continue to provide essential services.
“As required by law, we continue our quarterly rental sales, which are now kept online and have no associated public health risk,” they add. “BLM offices in Wyoming are currently closed to the public, and the majority of BLM employees work from home or on alternative work schedules to maximize visitor and employee safety.”
“To learn more about sales and the related review process, visit our ePlanning site at https://go.usa.gov/xda99. We will send a detailed result summary online within the next week. “
BLM Wyoming says their oil and gas leases earned $ 117 million in 2018.
“About half of the revenue from Wyoming rental sales is paid to the state of Wyoming to fund state-specific priority projects,” it said in the release. “If a lease results in production, the associated royalties are also shared with the state.”