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Wyoming oil, gas lease sale nets about $20 million

March 26, 2018

CHEYENNE, Wyo. (AP) — A Bureau of Land Management oil and gas lease sale in Wyoming has netted nearly $20 million.

Wyoming will get about half the proceeds from the sale.

The agency says the last week’s sale resulted in competitive bids for 152 of the 170 parcels offered. The highest bid per acre was just over $12,000 per acre.

The parcels up for sale were located in Campbell, Converse, Crook, Fremont, Goshen, Hot Springs, Johnson, Natrona, Niobrara, Park, Platte, Sweetwater and Weston counties.

It was the first BLM lease sale in Wyoming this year. The next sale in the state is scheduled to be held in June.

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