Federal Register #WYW179793

Proposed Reinstatement of Terminated Oil and Gas Lease WYW179793 in Converse County, Wyoming

This notice announces the Bureau of Land Management's (BLM) proposal to reinstate a previously terminated oil and gas lease (WYW179793) in Converse County, Wyoming. - Government Buyer: - Department of the Interior, Bureau of Land Management (BLM) - Lease Details: - Lease Number: WYW179793 - Location: Converse County, Wyoming - Lessee has met all filing requirements for reinstatement - Terms and Conditions: - New rental rate: $20 per acre per year - Royalty rate: 16.67 percent - Subject to original lease terms, amended lease notices, and additional stipulations - Additional requirements to protect historic trails per the approved Resource Management Plan - Procurement Information: - No OEMs, vendors, or products/services are being solicited or procured - This is a regulatory notice regarding lease status, not a procurement opportunity

Description

The Bureau of Land Management (BLM) received a timely petition for reinstatement of the terminated competitive oil and gas lease WYW179793 located in Converse County, Wyoming. The lessee has met all filing requirements and agreed to new lease terms including a rental rate of $20 per acre per year and a royalty rate of 16.67 percent. The BLM proposes to reinstate the lease subject to the original terms and conditions, amended lease notices, increased rental and royalty rates, and additional stipulations to protect historic trails. The lease reinstatement is proposed effective July 1, 2019, with a two-year extension from the date of reinstatement.

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