Get breaking news alerts via email

Click here to manage your alerts
BLM auction nets $3.4 million in Utah oil and gas leases
Land » Controversial parcels had been stripped from sale.
First Published Nov 19 2013 03:13 pm • Last Updated Nov 19 2013 10:10 pm

The BLM’s Utah office raked in $3.4 million Tuesday at an oil and gas auction where leases were offered on 35 parcels covering 44,000 acres in Carbon, Emery and Uintah counties.

Many leases sold for less than $10 an acre, but Finley Resources, Inc., of Fort Worth, Texas, bought two small parcels in oil-rich Uintah County for $10,000 and $12,000 an acre. A single 183-acre parcel accounted for just over half of the money the Bureau of Land Management netted on Tuesday. The busiest bidder was Pensar Petroleum of Denver, which acquired 17 parcels covering more than 28,000 acres in Carbon County.

Join the Discussion
Post a Comment

The state will get nearly half the auction’s revenue, including a $1.50-per-acre annual rental charge, which will be shared with the counties where the leases are located.

The auction had promised to be a controversial one, but on Friday agency officials announced they were withdrawing nearly 100,000 acres in Emery County from the sale, much of it in and around the San Rafael Swell. Wilderness advocates, outdoor business leaders and rock art aficionados had raised concerns about the impacts of oil and gas development on that land.

Utah state BLM Director Juan Palma agreed to re-evaluate these proposed lease parcels, triggering strong rebukes from Republican members of Utah’s congressional delegation who claimed the BLM is subservient to "environmental elites" at the expense of rural Utah communities. But Palma stood by his call on Tuesday.

"The combination of thorough environmental analysis and public participation helps us ensure that energy resources on Utah’s public lands are responsibly developed in the right places and in the right ways," he said.

Six parcels, all in Emery County, failed to attract the minimum $2 bid. Utah’s last oil and gas auction in August, which targeted Tooele and Box Elder counties, failed to attract a single bid. The next auction, set for May 20, will offer parcels in the state’s southern half. A draft environmental assessment will be released next month.


Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.