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Utah BLM lease sale nets $54m



By Upstream staff 

Photo by Reuters


The sale of oil and gas leases on federal lands by the Bureau of Land Management's (BLM's) Utah office has reaped record revenues.

The BLM sold leases on 262 parcels for just over $54 million at the auction in Salt Lake City earlier this week, nearly doubling the previous high of $28 million set in September 2004, the Salt Lake Tribune reported.

The paper said BLM officials described the sale "a decisive cut" because it included many parcels that had been previously deferred because of protests.


Thursday, 18 May, 2006, 22:53 GMT  | last updated: Friday, 19 May, 2006, 13:51 GMT

Salt Lake City: A sale of Utah oil and gas leases, many of them previously disputed by environmental groups, in the city has netted the BLM over $54 million
 

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