All Posts Tagged With: "Wyoming oil and gas lease sales"

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Records Bids for Wyoming Oil & Gas Lease Sales

August has started out with a bang as far as the state of Wyoming’s coffers goes. The Bureau of Land Management generated more than $49 million in this month’s oil and gas lease sales, which is the highest dollar amount earned in a single BLM sale in the state.

5Aug2011 | admin | 0 comments | Continued
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Royalty Rate for Energy Leasing on Public Lands May Go Up

“We don’t see any reason why the state shouldn’t be getting what private landowners can get. We’ve heard of private landowners getting more than 20 percent. So, why should we, the people of Wyoming, settle for less?,” asks Dan Neal, executive director of the Equality State Policy Center.

28Jun2011 | admin | 0 comments | Continued
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State Mineral Valuation Jumps 23 Percent In 2010

Last year was a very good year for the mineral industry in Wyoming, according to final results issued by the state Department of Revenue’s Mineral Tax Division. The total take was more than $15 billion, a sharp rebound from 2009, which saw the figure plummet to $12.6 billion.

8Jun2011 | admin | 0 comments | Continued
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Latest Oil and Gas Lease Sale Nets Nearly $1 Million

$998,089 in leasing rights and rental fees were generated this week at the BLM’s quarterly oil and gas lease auction held in Cheyenne. Nearly half of the receipts go to the State of Wyoming. A total of 13,821 acres in 13 parcels were sold.

6May2011 | admin | 0 comments | Continued
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Adobe Town Leases Pulled

UPDATED THURSDAY: The BLM has reversed course on five oil and gas leases auctioned a year ago in the Red Desert’s Adobe Town — pulling the parcels totally roughly 5,400 acres.

27Apr2011 | admin | 0 comments | Continued
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BLM Expects to Clear Backlog of Unissued Oil
and Gas Leases in Wyoming

The agency said the backlog totaling 1,501 leases was caused by new policies and concerns over wildlife and the environment in the summer of 2010, particularly the status of the Sage Grouse, as well as the change in presidential administrations.

4Apr2011 | admin | 0 comments | Continued
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Latest BLM Lease Auction Nets Nearly $14 Million -
State Gets Almost Half

Last week’s event in Cheyenne brought in bids totaling $13,805,255 ranged from the federally mandated minimum of $2 per acre to a high bid of $3,150 per acre.

12Nov2010 | admin | 0 comments | Continued
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Rex Energy Starts Drilling Program
in Niobrara Shale

“This is the biggest play going on, I would presume, in the Rocky Mountains right now,” said Harold Kemp, assistant director of the state lands mineral leasing and royalty compliance division.

12Aug2010 | admin | 0 comments | Continued
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Oil & Gas Leasing Backlog Starts to Loosen

The 2-year-old delay on issuing federal leases in Wyoming began breaking loose a few days ago as the U.S. Bureau of Land Management announced it finally will issue 145 leases sold in June 2008.

10Aug2010 | admin | 0 comments | Continued
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Big Money Lease Sales Show Interest in Niobrara Shale Still High

All three sales smashed the previous record, dating to the 1980s, of about $8 million, according to Harold Kemp, assistant director of the Office of State Lands and Investments. Wyoming’s share of the monies has been an unexpected boon to its general fund, with $30 million going to the state’s general fund, with most of that to benefit schools.

8Aug2010 | admin | 0 comments | Continued
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BLM lease Sale Generates $3.6 Million for 75 Parcels Throughout the State

The sale attracted attracted bids on more than 77,700 acres in 75 parcels located throughout the state. A total of 76 parcels with more than 79,000 acres were offered for sale.

5Aug2010 | admin | 0 comments | Continued
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BLM to Make Decision on Backlogged
Oil and Gas Leases

More than $100 million worth of unissued oil and gas leases in Wyoming and other western states may finally get acted upon by the Bureau of Land Management. The federal agency said this week that it will soon decide whether the first of the leases across the West will be handed over to drilling companies.

16Jul2010 | admin | 2 comments | Continued
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Special Oil & Gas Lease Auction for Niobrara Nets Near Record Amount

The deep Niobrara formation underlying northern Colorado, western Nebraska and eastern Wyoming is where the oil rush is taking hold, with highly productive wells already being tapped in Colorado, just south of the Wyoming line.

14Jul2010 | admin | 0 comments | Continued
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State Nets Record O&G Lease Sale Amidst
Talk of New Play

The quarterly lease sale that took place in Cheyenne this week shattered the previous record of $30 million set in 2008. The highest bids came on leases in Converse, Goshen and Platte counties in the eastern and southeastern region of the state.

14May2010 | admin | 0 comments | Continued
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