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This document contains the results of the oil and gas lease sale conducted by the Bureau of Land Management, detailing bids per acre, total acres, and the total bonus received for each bid.
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How to fill out Oil & Gas Lease Sale Results

01
Obtain the Oil & Gas Lease Sale Results document from the relevant authority.
02
Review the properties and tracts available for lease.
03
Identify the bidding participants and their corresponding bids.
04
Fill out the required sections with accurate information about the lease sale.
05
Include details such as lease number, bid amounts, and successful bidders.
06
Ensure all entries are clearly legible and complete.
07
Double-check for any additional notes or instructions that may need to be included.
08
Submit the completed document to the designated department or agency.

Who needs Oil & Gas Lease Sale Results?

01
Oil and gas companies looking to acquire new leases.
02
Investors interested in understanding bidding results.
03
Government agencies tracking leasing efforts and revenues.
04
Environmental groups monitoring land use and lease activities.
05
Researchers studying trends in the oil and gas industry.
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People Also Ask about

As long as the lessee pays the annual rent, the lease remains in effect. This definite period of time is called the primary term. When a company fails to start production, the lease expires after the primary term. When the company starts drilling for oil and gas, the lease will remain in effect past the primary term.
Basically, after that initial lease term comes to an end date, you have a couple of options on the table. You can either sign a new lease with your landlord, start paying rent on a month-to-month basis, or just be a holdover tenant, which is never a good look.
For many years, almost all oil and gas leases reserved a 1/8th royalty. Today, the royalty fraction is negotiable, and is usually between 1/8th and 1/4th.
As long as the lessee pays the annual rent, the lease remains in effect. This definite period of time is called the primary term. When a company fails to start production, the lease expires after the primary term. When the company starts drilling for oil and gas, the lease will remain in effect past the primary term.
The Federal onshore oil and gas rate is 16.67% for leases issued after August 16, 2022.
If the lessee is engaged in drilling operations at the expiration of the primary term of the lease,[9] the lease term will be extended for an additional two years if certain requirements are met. [10] Actual drilling operations that the earth are required.
How long does oil and gas lease last? There are two terms in a gas and oil lease: known as the primary term and the secondary term. Normally, the primary term is for a specific amount of time which lasts between the period of 1, 3, 5, 7 or 10 years.

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Oil & Gas Lease Sale Results refer to the outcomes of auctions where various tracts of land are offered for leasing to explore and extract oil and gas. The results typically include details about the winning bids, the areas leased, and the total revenue generated.
Entities that participate in the lease sales, including the lessees who win bids, are required to file Oil & Gas Lease Sale Results. This may include oil and gas companies and other parties engaged in the exploration and production of hydrocarbons.
To fill out Oil & Gas Lease Sale Results, lessees should provide details such as the lease tract information, bid amounts, bidder identification, and any other necessary compliance information as specified by the leasing agency.
The purpose of Oil & Gas Lease Sale Results is to publicly disclose the outcomes of lease sales to ensure transparency and accountability in the leasing process, as well as to facilitate monitoring of revenue generated from resource extraction.
The information that must be reported on Oil & Gas Lease Sale Results typically includes the tract numbers, winning bid amounts, bidders' names, contact details, the date of the sale, and any terms and conditions of the lease agreements.
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