Lease

Interior’s GOM Auction Delayed to Square Covid-19 Impacts

Interior’s GOM Auction Delayed to Square Covid-19 Impacts

A federal offshore oil and gas lease set for August has been delayed for three months to assess the impact of Covid-19 on U.S. oil and gas markets. The Department of Interior’s Bureau of Ocean Energy Management (BOEM), which oversees the offshore auctions, rescheduled the Gulf of Mexico (GOM) Lease Sale 256 to November. The…

July 21, 2020

Mississippi Canyon Yields Most — and Highest — Bids in BOEM Lease Sale

A cadre of 30 oil and gas producers submitted 257 total bids in Wednesday’s Gulf of Mexico (GOM) region-wide auction, with the Mississippi Canyon drawing the highest bid and a unit of Royal Dutch Shell plc far and away outbidding everybody.

March 20, 2019
Enviros Fail in Lawsuit Questioning 2017 Nevada Lease Sales

Enviros Fail in Lawsuit Questioning 2017 Nevada Lease Sales

A federal district court judge in Nevada has ruled against two environmental groups that sued the Interior Department’s Bureau of Land Management (BLM) over its handling of a pair of 2017 oil and gas lease sales.

January 22, 2019

Brief — New Mexico Lease Sale

The November oil and gas lease sale held by the New Mexico State Land Office established an all-time record for revenue, reaching $43.2 million. The previous monthly record was $30.03 million set in July 2017. Katy TX-based Percheron Energy was the high bidder in sealed bids, obtaining 1,999.31 acres in Lea, Chaves and McKinley counties. All but one tract was sold, with one tract receiving no bids and a second tract withdrawn. Nine bidders combined for the total proceeds, with an average per-acre price of $5,431.88. Thirty-two bidders from eight states participated.

December 3, 2018

Briefs — Cook Inlet Lease Sales

The Alaska Department of Natural Resources’ Division of Oil and Gas has issued a final written finding for the Cook Inlet Areawide Oil and Gas Lease Sales from 2019-2028, declaring that “the potential benefits of lease sales outweigh the possible negative effects,” and that the lease sales are in the best interests of the state. The proposed sale area totals 3.9 million acres that includes 2.2 million acres of uplands in the Matanuska and Susitna River valleys and 1.7 million acres of tide and submerged lands in upper Cook Inlet from Knik Arm south to Anchor Point and Tuxedni Bay. There are 815 tracts ranging in size from 640 to 5,760 acres. The state is the predominant landowner in the sale area.

November 2, 2018

BOEM Schedules Another Region-Wide GOM Oil, Gas Auction for March

The Interior Department is planning yet another region-wide lease sale in the Gulf of Mexico (GOM) next March, when it plans to auction about 78 million acres for oil and natural gas development.

September 26, 2018

Wyoming Big Game Mitigation Plan to Defer Some Oil, Natural Gas Lease Sales

The Department of Interior plans to prioritize conservation of a mule deer migration corridor in southwest Wyoming through both deferred oil and gas lease sales and lease stipulations, Secretary Ryan Zinke and Wyoming Gov. Matt Mead said Wednesday.

August 3, 2018

Brief — BLM Utah Lease Sale

The Bureau of Land Management (BLM) in Utah has opened a scoping period through July 31 for the National Environmental Policy Act (NEPA) process to evaluate a proposed oil and gas lease sale for 330,000 acres of federal land. The lease sale is tentatively scheduled for December. Information and scoping comments are available at BLM’s National NEPA Register project page.

July 17, 2018

BLM’s Utah Oil and Gas Lease Sale Nets $186,617

The U.S. Bureau of Land Management (BLM) in Utah reported Tuesday that it completed an oil and natural gas lease sale for 11 or 12 parcels offered, netting $186,617.

June 13, 2018
Permian’s New Mexico Revenues Booming, But Water Supply Concerns Persist

Permian’s New Mexico Revenues Booming, But Water Supply Concerns Persist

Reflecting the continuing surge in Permian Basin drilling, the New Mexico State Land Office (SLO) reported that it is nearing a record in oil and natural gas lease sale revenues, following the completion of a March auction that netted nearly $1.5 million.

April 3, 2018
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