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Brief -- BLM Utah Lease Sale

The U.S. Bureau of Land Management received more than $1.5 million in bids for the sale of 51,482 acres offered in the southeast corner of Utah during a March 20 lease sale. All 43 parcels were sold with an average bid of $28.68/acre. The high bid was $145,600 for Parcel 44 in the Monticello field office territory, which also had the highest bid/acre at $93 from Lasrich Lane of Sandy, UT. Denver-based Context Energy Co. LLC submitted the high total bid per parcel, also in Parcel 44.

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