Over the month of October, oil and gas leasing on public land experienced a characteristically mild drop. Only 57 leases were authorized over the month, just one more than the 56 leases that were authorized in October 2015. While the number of authorized leases is nearly a third as many as were closed over the…
Oil and gas leases on public land slumped over the month of August, 2016. Eighty-three leases were authorized compared to 281 leases closed making for a net loss. While August 2015 also experienced a decrease, it was less severe with 22 leases authorized and 27 fewer leases closed. Nationwide Trends State Trends Authorized Leases Closed…
ABSTRACT July 2016 experienced a dramatic dip in oil and gas leases authorized on public land. Over the course of the month, only 25 leases were authorized while 406 leases were closed. This is a similar downward trend compared to July 2015, but more severe—93 leases were authorized over that month. Wyoming accounts for the vast…
ABSTRACT June 2016 experienced a distinct increase in authorized oil and gas leases (146) on public land. This was offset, however, by 362 closed leases in the same month. A noteworthy 111 oil and gas leases were authorized in Wyoming over last month, compared to 45 leases in June 2015. In contrast, Nevada had a decrease in closed leases: 91…
May experienced a modest increase in authorized oil and gas leases (13) along with a decrease with closed leases (32). While a positive trend, it still contributed to a net decrease of 162 leases over the month of May. The positive trend in authorized leases was lead by New Mexico with 24 authorized leases. While, much of the…
ABSTRACT Oil and Gas leasing on public land over the month of April 2016 had a decrease in both authorized leases (50.43%) and closed leases (11.59%) compared to April 2015. Utah had a modest uptick in authorized leases, for a total of 24—more than any other state. Meanwhile, Wyoming lost the most leases over April of any state (126). CONTENTS…
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.
February continues a gradual decline in oil and gas leases authorized on public land overseen by the BLM. Wyoming dominates all state trends as the state hosting the most overall authorized leases, as well as having the most leases authorized and closed within the month of February. Campbell County, Wyoming is a particular hub of activity,…
