Wyoming Lease Revival: Tripower Resources Back in Business
Published Date: 4/1/2026
Notice
Summary
Tripower Resources, LLC asked to bring back their oil and gas lease in Converse County, Wyoming, which was previously ended. The government agrees to reinstate it starting January 1, 2025, with updated rental and royalty rates, plus a 2-year extension. This means Tripower can keep exploring and producing oil and gas while paying new fees and royalties.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Lease WYW164926 Reinstated
The Bureau of Land Management proposes to reinstate oil and gas lease WYW164926 for Tripower Resources, LLC effective January 1, 2025. This reinstatement lets the lessee hold the lease again and continue activity on the leased lands under the lease terms.
Increased Rental Rate: $20 per Acre
As a condition of reinstatement, the lessee will pay an increased rental of $20 per acre or fraction thereof. The new rental rate applies to lease WYW164926 starting with the reinstatement.
Increased Royalty Rate: 20 Percent
The reinstated lease is subject to an increased royalty rate of 20 percent. The lessee agreed to pay 20 percent royalties on production under lease WYW164926.
Two-Year Lease Extension Added
The BLM will reinstate the lease subject to a 2-year lease extension. This extension lengthens the lease term for WYW164926 as part of the reinstatement conditions.
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