Oil and Gas Journal – by Nick Snow
US Bureau of Land Management state offices generated more than $1.1 billion of revenue from onshore oil and gas lease sales during 2018, a record amount nearly triple the previous record of $408 million for the comparable period in 2008, Acting Interior Sec. David Bernhardt announced on Feb. 6.
Bonus bids from the 28 oil and gas lease sales during calendar 2018 came to a preliminary $1,151,109,064 for 1,412 parcels, covering almost 1.5 million acres, he said in Hobbs, NM. Continue reading “BLM reports record-breaking onshore oil, gas lease revenue in 2018”
