05212018Mon
Last updateMon, 21 May 2018 7pm

i

End-User News

Oil & Gas Lease Sales Generated $360 Million in 2017

The Bureau of Land Management (BLM) state offices in 2017 generated nearly $360 million from oil and gas lease sales, an 86% increase over the previous year's results of $192.5 million. Among these sales, which together were the highest in nearly a decade, rights to a total of 949 parcels, covering 792,823 acres, were sold.

BLM New Mexico had the largest sale of the year, generating approximately $130.9 million in bonus bids on Sept. 7, while a BLM Wyoming sale on Feb. 7, generated $128.9 in total bonus bids. In 2017, the BLM conducted 28 lease sales around the nation. 

SubscribeSPR18

FREE SUBSCRIPTION*

• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

BUYERS GUIDE 300x220

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products