March 2016 Review


March 2016 experienced a net decrease in oil and gas leases authorized on public land.  Across BLM supervised lands, only 53 leases were authorized versus 300 closed last month. This represents a general slowing of the petroleum lease market as authorized claims have decreased (147) and closed claims have increased (30) compared to March 2015. Wyoming accounts for 30% of leases opened in March and 25% of leases closed.

*These reports are summarizing oil and gas leases on public land overseen by the Bureau of Land Management and do not encompass sales or transfers occurring on private land.

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