The Bureau of Land Management California completes oil and gas lease sale
BAKERSFIELD, Calif. – In keeping with the Trump Administration’s goals of promoting responsible energy development, today the Bureau of Land Management (BLM) completed its oil and gas lease sale in California. For this sale, the BLM offered seven parcels totaling approximately 4,133 acres of Federal minerals. All parcels are in or adjacent to existing Midway-Sunset, and Kern Front Oilfields in Kern County. The highest per-acre price was $27, sold to Standard Oil Company, LLC.
The environmental analysis estimates that, based on development trends on new leases, up to 10 new wells could be developed across all seven parcels. More details about this lease sale in California are available online at https://go.usa.gov/xGxKz.