BLM sells 55 parcels in Utah for drilling, takes in $650,000
The Bureau of Land Management on Tuesday sold 55 parcels of land in eastern Utah for oil and natural gas drilling, taking in $650,000 in bids.
The auction in Salt Lake City replaced one in December that was voided because one bidder made high bids with no intention of paying for them.
In all, the BLM offered 98 parcels covering more than 145,000 acres and sold more than 76,000 acres.
The average bid per acre sold was $8.52.
The leases in BLM’s Moab, Monticello, Price, Richfield and Vernal districts are under protest from three conservation organizations and a Moab resident.
There were no reports of any effort to disrupt the auction, but officials limited access to the auction room to registered bidders and the media.