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.