The U.S. Bureau of Land Management’s quarterly oil and gas lease sale Wednesday netted nearly $10 million for the sale of 139 leases on federal land in New Mexico, Oklahoma, Texas and Kansas.
The total includes bonus bids, administrative fees and first-year rentals.
Bids for 128 parcels in New Mexico brought in more than $6.8 million, the highest amount of the four states.
Bids for five parcels in Texas brought in over $2.4 million, five parcels in Oklahoma brought in $684,000 and a single parcel in Kansas sold for $240.
The highest bid per acre for a parcel and the highest overall total per parcel was $5,200 per acre for more than 446 acres in San Augustine County, Texas, by Eaglestone Energy Partners LP.