The Bureau of Land Management Utah State Office is holding an online sale today for four parcels of competitive oil and gas leases. The total amount is 4,175 acres. The sale will be conducted with the EnergyNet internet-based auction system. The BLM uses online sales due to the potential to generate greater competition and higher bonus bids because participation is made easier. The online sales also reduce BLM administrative costs associated with lease sale activities and to provide greater transparency to the public. Anyone can visit the website at
www.energynet.com
to monitor the sale as it progresses. For more information on oil and gas leasing in Utah, call
801-539-4067
.
