land lease

BLM land lease sale
5:40 pm
Wed August 3, 2011

BLM oil and gas land lease sale nets $49 million in revenue

The Bureau of Land Management

This week’s Bureau of Land Management oil and gas lease auction in Cheyenne made a record amount of revenue.

The Wyoming BLM generated more than 49 million dollars from lease sales on 74 parcels of land, and an unheard-of 8 million dollars came from a single parcel.

An agency spokeswoman says the number of parcels auction off is determined by the number of nominations submitted from energy companies. In February, BLM auctioned off 31 parcels and in May, only 14.

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