Bureau of Land Management to auction oil and gas rights in Wane National Forest on March 22

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WASHINGTON, D.C. (WTAP) - On March 22, the U.S. Bureau of Land Management will auction oil and gas lease rights for two parcels in the Wayne National Forest near Marietta.

The two parcels total about 345 acres in the Marietta Unit of the Wayne National Forest in Ohio.

The parcels will be sold in an online auction that starts at 8 a.m.. on March 22, at the "Oil and Gas Rights Auction Website" link in the "Related Links" section of this story.

Each parcel will have its own unique open bidding period with start and stop times clearly identified on the auction website.

The open bidding period for each parcel will run for three hours from start to finish, and bids will be accepted only during a parcel’s open bidding period.

The auction website is open to everyone, but you must register as a bidder before the sale in order to submit a bid.

The public may protest any of the parcels being offered in the sale until Feb. 20,

Protests must be submitted via postal service, postmarked by the due date, and sent to the BLM Eastern States Office, Attention: State Director, 20 M Street SE, Suite 950, Washington, D.C. 20003; or by fax to: 202-912-7798.

Protests may not be e-mailed or hand-delivered.

The sale notice, environmental assessments, maps of the parcels, and the attached stipulations can be viewed at the "BLM Eastern States Oil and Gas Website" link in the "Related Links" section of this story.

Oil and gas leases and sales support domestic energy production and American energy independence.

The BLM’s energy program follows an all-of-the-above approach that includes oil and gas, coal, strategic minerals and renewable sources, all of which can be developed on public lands.

Oil and gas leases are awarded for a term of ten years and as long thereafter as there is production of oil and gas in paying quantities.

The Federal government receives a royalty of 12 and one-half percent of the value of production.

Each state government receives a 25 percent minimum share of the bonus bid and the royalty revenue from each lease issued in that state.



 
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