“Energy development is an important component of the Wyoming economy and provides critical energy resources for the entire nation,” said BLM Wyoming State Director Don Simpson.

Bids totaling $975,462.00 ranged from the federally mandated minimum of $2.00 per acre to a high bid of $195 per acre at the auction. Successful bidders also pay a $145 per parcel one-time administrative fee and yearly rental of $1.50 per acre for the first five years of the lease and $2 per acre in years six through 10.

The next oil and gas lease sale is scheduled for Tuesday, Aug. 2, in Cheyenne.