BLM Oil and Gas Lease Sale Nets Over $9.4 Million

BLM Oil and Gas Lease Sale Nets Over $9.4 Million

The following press releases was published by the U.S. Department of the Interior, Bureau of Land Management on Nov. 1, 2016. It is reproduced in full below.

BLM Wyoming Competitive Sale Results Summary

Parcels Offered

21

Parcels Sold

21

% Parcels Sold

100%

Acres Offered

32,422.02

Acres Sold

32,422.02

% Acres Sold

100%

Average Bid/Acre

For Acres Offered

For Acres Sold

$288.36

$288.36

Average Bid/Parcel

For Parcels Offered

For Parcels Sold

$445,199.90

$445,199.90

Highest Bid/Acre

$1,750.00

Parcel with High Bid/Acre

13

Highest Bid/Parcel

$3,389,750.00

Parcel with High Total Bid

13

Total Bonus Bid

$9,349,198.00

Total Rental Due

$48,645.00

Total Administrative Fees Due

$3,360.00

Total Receipts Due

$9,401,203.00

Source: U.S. Department of the Interior, Bureau of Land Management

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