BLM oil and gas lease sale in Wyoming brings in nearly $17.5 million

RAPID CITY, S.D. (KOTA) – The Bureau of Land Management (BLM) generated almost $17.5 million in revenue during its latest quarterly oil and gas lease sale in Wyoming.

The sale included 86 parcels covering 79,169 acres and generated $17,495,907 in total receipts. Revenue from lease bonus bids and rentals will be split between the federal government and the state where the parcels are located.

This lease sale was conducted under the One Big Beautiful Bill Act, which lowered the federal onshore royalty rate for new oil and gas production from 16.67 percent to 12.5 percent, reversing the increase set by the Inflation Reduction Act.

Officials said the reduced rate makes drilling on public lands more affordable, encouraging additional leasing and development. The move is expected to boost domestic energy production and strengthen U.S. energy security.

The BLM noted the sales align with Executive Order 14154, “Unleashing American Energy,” aimed at solidifying the U.S. as a global energy leader.

Leases are awarded for 10 years and remain active as long as oil or gas is produced in paying quantities. The BLM ensures all development complies with the National Environmental Policy Act of 1969 and other legal requirements.

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