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The BLM WY State Office has opened a 30-day public scoping period to receive public input on 5 oil & gas parcels that may be included in a Sept. 2024 lease sale in WY

BLM seeks public comment for oil and gas lease sale in Wyoming

A 30-day Public Scoping Period

The Bureau of Land Management Wyoming State Office has opened a 30-day public scoping period. To receive public input on 5 oil and gas parcels totaling 239.38 acres. That can be incorporate in a September 2024 lease sale in Wyoming. The comment period ends February 15, 2024.

The parcels the BLM is analyzing, as well as maps and instructions on how to comment are available on the BLM’s ePlanning website at: https://eplanning.blm.gov/eplanning-ui/project/2030553/510.

A New Royalty Rate

oil & gas lease sale

As authorized under the Inflation Reduction Act. The Bureau of Land Management (BLM) is implementing a new royalty rate of 16.67 percent. For production on any new leases resulting from this sale. This move is focus at ensuring a fair and equitable collection of royalties on oil and gas extracted from federal lands.

The decision to implement this rate aligns with the BLM’s mandate to manage public lands in a responsible manner, striking a balance between promoting energy development and safeguarding the interests of taxpayers and the environment.

BLM’s online fact sheet

To gain a comprehensive understanding of the Inflation Reduction Act and its implications. Interested stakeholders are hearten to refer to the BLM’s online fact sheet. This fact sheet provides detailed information on the key provisions of the Act. Including its objectives, the rationale behind the royalty rate adjustment, and the expected impact on revenue distribution.

It serves as a valuable resource for industry professionals, state officials, and the public at large. Facilitating transparency and enabling informed decision-making regarding oil and gas leasing activities on federal lands. Notably, the generated revenues from these leases will be split between the respective state. Where the drilling occurs and the U.S. Treasury. Make certain that the financial benefits of energy production are shared among relevant stakeholders and contribute to the nation’s overall economic growth.

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Source: The Cheyenne Post

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The BLM is now seeking public comment on the parcels, potential deferrals, and the related environmental analysis.

BLM seeks public comment for oil and gas lease sale in New Mexico, Kansas

The Bureau of Land Management New Mexico State Office today opened a 30-day public comment period to receive public input on 26 oil and gas parcels totaling 6,162 acres that may be included in an upcoming lease sale in New Mexico and Kansas. The comment period ends Dec. 20, 2023.

The BLM completed scoping on these parcels in Sept. 2023 and is now seeking public comment on the parcels, potential deferrals, and the related environmental analysis. BLM will use input from the public to help complete its review of each parcel. And determine if leasing of these parcels conforms with all applicable laws, policies, and land use plans.

As authorized under the Inflation Reduction Act, BLM will apply a 16.67 percent royalty rate for any new leases from this sale.

Leasing is the first step in the process to develop Federal oil and gas resources. Before development operations can begin, an operator must submit an application for permit to drill detailing development plans. The BLM reviews applications for permits to drill, posts them for public review. Conducts an environmental analysis and coordinates with State partners and stakeholders.

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Source: BLM.gov

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The BLM NM State Office opened a 30-day public scoping period to receive public input on four oil & gas parcels totaling 6,972 acres.

BLM seeks public comment for oil and gas lease sale in Texas

The Bureau of Land Management New Mexico State Office today opened a 30-day public scoping period to receive public input on four Oil and Gas Lease Sales totaling 6,972 acres that may be included in an August 2024 lease sale in Texas. The comment period ends Dec. 6, 2023.

The parcels the BLM is analyzing, as well as maps and instructions on how to comment are available on the BLM’s ePlanning website at: https://eplanning.blm.gov/eplanning-ui/project/2027060/510.

As authorized under the Inflation Reduction Act, BLM will apply a 16.67 percent royalty rate for any new leases from this sale. More information about the Act is available on BLM’s online fact sheet.

Oil and Gas Lease Sales - Carlsbad Pump Jack

All parcels leased as part of an oil and gas lease sales

All parcels leased as part of an oil and gas lease sale include appropriate stipulations to protect important natural resources. Information on current and upcoming BLM lease sales is available through the National Fluid Lease Sale System.

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Source: BLM.gov

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