GILLETTE, Wyo. — The public has a month to give input on 47 oil and gas parcels for an upcoming lease sale, the Bureau of Land Management Wyoming State Office announced today.
Together, the parcels cover roughly 46,300 acres.
Three parcels, which each cover roughly 1,250 acres, are in Campbell County, according to the parcels list. The parcels the BLM is analyzing, as well as maps and instructions on how to comment, are at https://eplanning.blm.gov/eplanning-ui/project/2023811/510.
Future BLM lease sales will include updated fiscal provisions authorized by Congress in the Inflation Reduction Act:
- Minimum bids for all offered parcels will be $10 per acre, an increase from the $2 per acre minimum bid set in 1987;
- Royalty rates will be 16.67%, up from the previous minimum of 12.5%; and
- Rental rates will be $3 per acre for the first two years, $5 per acre for years three through eight, and $15 per acre in years nine and ten. Prior to the Inflation Reduction Act, rental rates were $1.50 per acre for the first five years and $2 per acre for each year thereafter, rates originally set in 1987.
The BLM has posted information about the Inflation Reduction Act in an online fact sheet.
