The Bureau of Land Management (BLM) garnered almost $79 million from a recent natural gas and oil lease sale in New Mexico and Kansas.


Forty-five parcels totaling 10,123 acres were auctioned across Cheyenne County, KS, and in Chaves, Eddy and Lea counties, NM. The New Mexico counties are in the heart of the Permian Basin’s Delaware subbasin. The Cheyenne County land is within the Denver-Julesburg Basin.

According to a summary of the sale, 66 registered bidders participated, mostly private exploration and production (E&P) companies. 

In New Mexico, Oklahoma City-based Devon Energy Corp., one of the biggest publicly held E&Ps in the Permian, snagged 280 parcels in Eddy County with a single $16.2 million bid. Private E&P Promontory Exploration LP bid $16.9 million for five...