The BLM sold two of the 22 offered parcels. In addition to the bonus bids, the sale grossed $3,096 in rental fees and $310 in administrative fees, for $36,334 in total receipts from this lease sale. Receipts from federal oil and gas leases are shared with the state and county where the leased lands are located.
LT Land Group LLC, of Salt Lake City submitted the highest total bid per acre—$25—and the highest total bid per parcel—$22,425— for parcel number 129 located in the BLM-Utah Fillmore Field Office.
Oil and gas leases are issued with conditions on activities designed to protect the environment and other natural resources; these conditions can include limits on when drilling can occur or restrictions on surface occupancy. Once an operator proposes exploration or development on a BLM-issued lease, further site-specific environmental analysis is conducted to determine the need for additional mitigation measures. Many operators routinely use best management practices, such as directional drilling or remote monitoring of producing wells, to further minimize potential surface impacts.
Additional information regarding competitive sale lists, detailed results of oil and gas lease sales, or the leasing process is available by writing the Bureau of Land Management, 440 West 200 South, Ste. 500, Salt Lake City, Utah, 84101, or by visiting:
BLM-Utah Oil and Gas Lease Sale
Parcels Offered for Auction 22
Parcels Sold 2
% Parcels Sold 9%
Acres Offered 39,288
Acres Sold 2,063
% Acres Sold 5%
Average Bid/Acre Sold $16
Average Bid/Parcel Sold $16,464
Highest Bid/Acre $25
Parcel with High Bid/Acre 129
Highest Bid/Parcel $22,425
Parcel with High Total Bid 129
Total Bonus Bid $32,928
Total Rental Due $3,096
Total Administrative Fees Due $310
Total Receipts Due* $36,334
*Total Receipts Due includes bonus bids, first year’s rental and processing fees.
The BLM manages more than 245 million acres of public land, the most of any Federal agency. This land, known as the National System of Public Lands, is primarily located in 12 Western states, including Alaska. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. The BLM’s mission is to manage and conserve the public lands for the use and enjoyment of present and future generations under our mandate of multiple-use and sustained yield. In Fiscal Year 2013, the BLM generated $4.7 billion in receipts from public lands.