BLM plans June lease sale for Wyoming acreage

Petroleum News

The Bureau of Land Management will hold an auction of mineral leases across much of Wyoming on June 8, the agency has announced.

Included in the sale are parcels in 16 of Wyoming’s 23 counties, including more than 40,000 acres in Sweetwater County in southwestern Wyoming, nearly 23,000 acres in Niobrara County, in the far eastern part of the state, and nearly 20,000 acres in Big Horn County, in northern Wyoming. There are a total of 144,806 acres in 167 parcels in the sale.

BLM rules call for a minimum bonus bid of $2 per acre beyond the standard rental of $1.50 an acre, plus $75 per parcel in administrative charges. Leases have an initial primary term of 10 years. There are royalty provisions as well.

The complete list of parcels is available on BLM’s web site at http://www.wy.blm.gov/minerals/og/leasing/oilgasleasing.html. The auction begins at 8 a.m.