GILLETTE, (AP) - The Bureau of Land Management office in Wyoming is reducing the number of oil and gas lease auctions in the state from six to four in 2010 because of a lack of interest in drilling. There have been significantly fewer lease sales in Wyoming in 2009 compared to 2008.
Fewer leases sold also means less money for the state, which gets about half of the revenues brought in from the sales. Wyoming BLM spokeswoman Mary Wilson said the number of parcels put up for auction is determined by nominations from industry. She says if nominations increase in 2010, the BLM will be able to handle it with only four auctions.