BLM Posts Notice for May Oil and Gas Lease Sale
KREX News Room
DENVER (BLM) - The Bureau of Land Management Colorado will offer five parcels totaling 5,577 acres during the quarterly competitive oil and gas lease sale scheduled for 9 a.m., May 9, 2013, at the Colorado State Office in Lakewood.
Three parcels totaling 2,245 acres are located in the Kremmling Field Office and two parcels totaling 3,332 acres in the Kingman Field Office in Arizona.
Maps of these parcels are posted online: www.blm.gov/co/st/en/BLM_Programs/oilandgas/oil_and_gas_lease/2013/may_2013_lease_sale.html
All of the parcels nominated in the White River Field Office were deferred from this sale for further review. The National Park Service (NPS) raised concerns regarding some of the parcels due to their proximity to Dinosaur National Monument as well as other resource issues. The BLM is currently working with the NPS to address their comments.
The deadline for submitting protests is 4 p.m., March 11, 2013. All protests must be received by the BLM Colorado State Office, located at 2850 Youngfield St., Lakewood, CO 80215.
Lease sale information was posted online on Feb. 8 and can be obtained at: www.blm.gov/co/st/en/BLM_Programs/oilandgas/oil_and_gas_lease.html. Information is also available at any bureau field office and the BLM Colorado State Office Public Room, 2850 Youngfield St., Lakewood, CO.
The State of Colorado will receive 49 percent of the proceeds from the sale, with the remainder going to the U.S. government. The State of Colorado received more than $158 million in Fiscal Year 2012 from royalties, rentals and bonus bid payments for all federal minerals, including oil and gas. BLM Colorado currently has approximately 4.2 million acres of public mineral estate leased for oil and natural gas development, generating more than $6.5 billion in direct economic benefits in 2011 and approximately $9.5 billion in total economic impacts.