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April 1, 2008 Complete Results Contact: Roger Alexander (307) 775-6050 BLM Oil and Gas Lease Sale Nets Over $30 Million,  State of Wyoming to Get Half The Bureau of Land Management generated $30,478,978.50 for leasing rights and rental fees on parcels offered at the BLM's bimonthly federal oil and gas lease auction held in Cheyenne on Apr. 1, 2008. Half of the bid and rental receipts go to the State of Wyoming. "Energy development drives the Wyoming economy and our state provides critical energy resources for the entire nation," said acting BLM Wyoming State Director Don Simpson. Bids totaling $30,013,102.00 ranged from the federally mandated minimum of $2 per acre to a high bid of $1,750 per acre. Successful bidders also pay a $140 per parcel administrative fee and yearly rental of $1.50 per acre. A total of 290,263.49 acres in 217 parcels were leased. Parcels that didn't receive bids at the auction are available noncompetitively for the yearly rental fee ($1.50 per acre for the first five years and $2 per acre for the second five years) and a $360 administrative fee at the BLM office in Cheyenne. The next oil and gas lease sale will be held on June 3, 2008, in Cheyenne. In fiscal year 2007, oil and gas operations on BLM-administered public lands and federal mineral estate in Wyoming produced 29,844,078 barrels of oil and 1,392,972,656 million cubic feet of gas, which generated $1,045,114,191 in federal oil and gas royalties. Half the royalty payments were disbursed to the State of Wyoming. April 2008  Wyoming Competitive Sale Results Summary  Parcels Offered  265 Parcels Sold  217 % Parcels Sold 81.89% Acres Offered 371,141.890 Acres Sold 290,263.490  % Acres Sold 78.21% Average Bid/Acre     For Acres Offered     For Acres Sold $80.87 $103.40 Average Bid/Parcel     For Parcels Offered     For Parcels Sold $113,256.99 $138,309.23 Highest Bid/Acre $1,750.00 Parcel with High Bid/Acre  65 Highest Bid/Parcel $2,601,260.00 Parcel with High Total Bid   22 Total Bonus Bid $30,013,102.00 Total Rental Due $435,496.50 Total Administrative Fees Due $30,380.00 Total Receipts Due $30,478,978.50   -BLM-