CHEYENNE, Wyo. — The Bureau of Land Management Wyoming State Office recently held a competitive oil and gas lease sale, offering 18 parcels covering 10,155.33 acres across Wyoming. The auction attracted 18 bids, resulting in the leasing of 15 parcels that span 8,533.49 acres, accounting for approximately 84% of the total available acreage. High bids amounted to $5,012,502 according to a press release by the organization.
For detailed information on the environmental assessment, maps, parcel lists, Notice of Competitive Lease Sale and proposed lease stipulations, visit BLM ePlanning.
The terms of federal fluid mineral leases adhere to the Fluid Minerals Leasing and Leasing Process Rule, reflecting directives from the Inflation Reduction Act and the Bipartisan Infrastructure Law. This includes a 16.67% royalty rate for production on any new leases. Revenue from these leases is shared between the state where drilling occurs and the U.S. Treasury.
Leasing represents the initial step in developing federal oil and gas resources. Before any development can commence, operators must submit an application for a permit to drill, outlining their development plans. The BLM reviews these applications, posts them for public review, conducts environmental analyses and coordinates with state partners and stakeholders.
All leased parcels include stipulations to protect important natural resources. For information on current and upcoming BLM leases, visit the National Fluid Lease Sale System.
