Classifieds Business Directory Jobs Real Estate Autos Legal Notices ePubs Subscribe Archives
Today is November 24, 2014
home newssports feature opinion fyi society obits multimedia

Front Page » August 20, 2009 » Carbon County News » BLM's mineral lease sale, auction generate revenues on 27...
Published 1,922 days ago

BLM's mineral lease sale, auction generate revenues on 27 land parcels in Utah


Print PageEmail PageShareGet Reprints

The United States Bureau of Land Management the federal agency's quarterly oil and gas lease sale on Aug. 18 at the BLM state office in Salt Lake City.

The agency sold 27 of the 37 offered parcels, totaling 34,648 acres of federal land located in the Price, Fillmore, Moab and Vernal field offices, according to the BLM.

During the oral auction, the agency received $1,074,094 in bonus bids for the federal oil and gas lease rights, indicated the BLM.

In addition to the bonus bids, the sale netted $51,984 in rental fees and $3,780 in administrative fees for $1,129,858 in total revenues from the lease sale.

"The BLM is committed to helping our nation meet its energy needs through the balanced development of both renewable and conventional resources," said BLM Director Bob Abbey. "Today's lease sale in Utah will help us fulfill that commitment while ensuring that we are protecting our nation's land, water, wildlife, and cultural resources."

During 2009, the agency will conduct more than 40 onshore federal oil and gas lease sales.

The number includes the 21 sales the federal agency has conducted since January, pointed out the BLM.

In the 21 lease sales, 1,930 parcels were offered covering more than 2.4 million acres of federal lands in the West, continued the BLM.

The 1,021 parcels that sold generated $70.2 million in revenue for American taxpayers.

At the Aug. 18 mineral lease sale, Douglas Chasel of Salt Lake City submitted the highest total bid per acre at $925.

The bid was submitted on parcel number 72 containing 320 acres located in the Vernal field office, indicated the federal agency.

The highest total bid per parcel was also submitted by Douglas Chasel at $296,000.

The bid was submitted on parcel 72 in the Vernal field office, concluded the federal agency.

Print PageEmail PageShareGet Reprints


Top of Page


 
Carbon County News  
August 20, 2009
Recent Local News
Quick Links
Subscribe via RSS
Related Articles  
Related Stories



Best viewed with Firefox
Get Firefox

© Sun Advocate, 2000-2013. All rights reserved. All material found on this website, unless otherwise specified, is copyright and may not be reproduced without the explicit written permission from the publisher of the Sun Advocate.
Legal Notices & Terms of Use    Privacy Policy    Advertising Info    FAQ    Contact Us
  RSS Feeds    News on Your Site    Staff Information    Submitting Content    About Us