Bureau of Land Management of Colorado State Office oil, gas leases

The Bureau of Land Management Colorado State Office sold all 35 parcels offered during its quarterly oil and gas lease sale for a total of $3.9 million.

The high bid, for a 45-acre parcel in Garfield County, was $3,100 per acre. The high total bonus bid was $864,000 for a 360-acre parcel in Garfield County.

Forty-eight percent of the proceeds will go to the State of Colorado, which received $123 million during fiscal year 2007 from royalties, rentals and bonus bid payments for all federal minerals, including coal.

BLM manages more than 8 million acres of public land for multiple uses in Colorado, as well as more than 27 million acres of sub- surface mineral estate.

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