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BLM oil and gas lease auction brings in over $720,000

(BILLINGS, Mont.) – Bids on oil and gas leases in northern and southeastern Montana brought in $720,843 in an online auction held June 13, by the Bureau of Land Management.

The sale included 156 parcels encompassing approximately 69,000 acres of federal minerals in Big Horn, Carter, Custer, Fallon, Garfield, Powder River and Rosebud Counties were offered at auction. Bids were received on 49 parcels totaling nearly 15,611 acres.

Caribou Land & Livestock Montana, L.L.C., of Boulder, Colo., was the highest bidder, paying $116 an acre for a 320 acre parcel in Big Horn County in south-central Monta...

 

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