BLM sets May 2025 Utah oil and gas lease sale

69

TL/DR –

The Bureau of Land Management (BLM) Utah State Office has announced an oil and gas lease sale set for May 13, 2025. The sale consists of two parcels totaling 833 acres and has undergone public scoping and comment periods. The lease process includes applications for permits to drill, public reviews, environmental analyses, and coordination with state partners and stakeholders, in order to protect natural resources and abide by Congressional regulations.


SALT LAKE CITY –

Today, the Bureau of Land Management Utah State Office announced an oil and gas lease sale slated for May 13, 2025. The sale will feature two oil and gas parcels amounting to 833 acres in Utah.

The BLM finished scoping on these parcels in March 2024 and received public comments until July 2024, examining potential deferrals and related environmental analyses. A 30-day public protest period, intended for further public input, commenced today and will end Jan. 17, 2025.

Details about the analyzed parcels, maps, and instructions for submitting a protest are available on the BLM’s ePlanning website.

The terms of these federal fluid mineral leases align with the Fluid Minerals Leasing and Leasing Process Rule. This reflects directions from the Inflation Reduction Act and the Bipartisan Infrastructure Law, including a 16.67 percent royalty rate for production on new leases. The revenues are shared between the state where drilling takes place and the U.S. Treasury.

Prior to starting any development operations, operators must submit an application specifying development plans. The BLM then reviews these applications, posts them for public scrutiny, conducts an environmental analysis, and coordinates with state partners and stakeholders.

All parcels included in a federal oil and gas lease sale come with stipulations to protect essential natural resources. Information on current and upcoming BLM leases can be found on the National Fluid Lease Sale System.


Read More US Economic News