BLM Oil, Gas Auction In Wyoming Raises $22 Million

CHEYENNE, Wyo. (AP) — An auction of oil and gas leases on federal land in Wyoming has raised about $22.1 million.

The Bureau of Land Management auction Tuesday sold leases on a total of 168,737 acres in 185 parcels. Some parcels went for the minimum bid of $2 per acre. The high per-acre bid Tuesday was $2,625.

Wyoming will receive about half the bid and rental receipts from the auction.

The BLM's next quarterly auction is scheduled May 1.