The Bureau of Land Management (BLM) will offer 12 parcels, totaling approximately 3,902 acres in Jackson, Lincoln, Moffat, Rio Blanco and Weld counties at its June 2020 quarterly oil and gas lease sale. The public comment period on associated environmental documents ends March 16, 2020.
By statute, the BLM is required to offer quarterly oil and gas leases sales of available Federal lands. BLM state offices conduct lease sales quarterly when parcels are available for lease. These lease sales represent parcels that cleared environmental review and public comment. The BLM issues both competitive and non-competitive leases for a ten-year period. The leases are a contract to explore and develop any potential oil and gas. The lease may be extended if the production is established on the lease, otherwise the lease will expire after the primary term of ten years.
Responsible energy development includes thoughtful consideration of parcels nominated for leasing as well as potential resource impacts of decisions to lease. An additional environmental review will take place during processing of an Application for Permit to Drill (APD), when site-specific Conditions of Approval will be placed on the permit in addition to the stipulations attached to the lease.
The BLM generated a record $1.1 billion from 28 oil and gas lease sales in Fiscal Year (FY) 2018. Revenues from onshore oil and gas production on federal lands directly fund the U.S. Treasury and state budgets, and support public education, infrastructure improvements, and other state-determined priorities.
The oil and gas industry on public lands in Colorado contributed over $6.9 billion in total economic output in FY 2018. Continuous exploration, development, and site restoration is required to sustain production rates, jobs, income, and royalties.
Comments on the environmental assessments (EAs) must be submitted through the June 2020 ePlanning Site. The environmental documents, lists and maps of the parcels, and attached stipulations are online on the ePlanning Site.