The Bureau of Land Management (BLM) Wyoming State Office has generated more than $9 million in revenue through an additional oil and gas lease sale, according to a recent announcement, Sheridan Media reports.
The sale included 22 parcels totaling approximately 29,892 acres that had previously gone unsold during earlier lease events in 2023 and 2024.
The total receipts from the sale amounted to $9,426,421. These funds, derived from bonus bids and rental payments, will be shared between the federal government and the State of Wyoming. The lease sale was conducted online through EnergyNet and supplemented the BLM’s regularly scheduled quarterly lease sale held earlier this week.
The BLM noted that lease sales play a significant role in supporting domestic energy production, with broader implications for national energy independence, economic growth, and military security. The agency also highlighted that its leasing efforts align with Executive Order 14154, Unleashing American Energy, which emphasizes strengthening the nation’s position as a global energy leader.
Leasing is an initial step in the federal oil and gas development process. According to the BLM, all development activities must comply with the National Environmental Policy Act of 1969 (NEPA) and other applicable regulations. Leases are typically granted for a term of 10 years and may continue beyond that if production of oil or gas remains profitable. The federal government receives a royalty of 16.67% of the value of any production from these leases.
Further details and results from current and upcoming lease sales can be found through the National Fluid Lease Sale System, where sale documents and updates are regularly posted.
