Archive for Friday, July 16, 2010

Bureau of Land Management to auction Kansas parcel for oil and gas lease

July 16, 2010


— BLM offers parcels for oil and gas lease sale

The Bureau of Land Management says it will offer oil and gas leasing mineral rights on parcels totaling more than 42,000 acres in New Mexico, Oklahoma, Texas and Kansas at its next lease sale.

The oral auction will be Wednesday in Santa Fe.

Parcels will be awarded to qualified bidders offering the highest acceptable bid. The minimum acceptable bid is $2 per acre.

Most of the parcels are in New Mexico. Texas and Oklahoma each have five parcels and Kansas has one.

The federal government receives more than 12 percent royalties on production on the leases. The state in which the leasing occurs receives 48 percent of royalties collected.


blindrabbit 7 years, 7 months ago

Won't have to worry about a deep water (BP) crisis, unless they foul up the aquifer. Deepest water in Kansas, maybe 100 feet.

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