Wyoming Oil Lease Reinstated After Timely Company Request
Published Date: 6/3/2026
Notice
Summary
The Bureau of Land Management is proposing to bring back an oil and gas lease in Converse County, Wyoming, that was previously ended. CNOOC Energy U.S.A. and Chesapeake Exploration asked on time and met all the rules, agreeing to pay higher rent and royalties. The lease would restart retroactively from January 1, 2021, with a two-year extension, meaning more time and money for the government and the companies.
Analyzed Economic Effects
5 provisions identified: 3 benefits, 2 costs, 0 mixed.
Proposed Reinstatement of Lease WYW182309
The Bureau of Land Management proposes to reinstate competitive oil and gas lease WYW182309 in Converse County, Wyoming. The lessees filed on time, met filing requirements, and the BLM would make the lease effective January 1, 2021.
Higher Rental and Royalty Rates Set
The lessees agreed to new lease payment terms of $20 per acre (or fraction) for rental and a 20 percent royalty rate. Those specific rates apply to the reinstated lease.
Government Receives Specified Lease Payments
Under the proposed reinstatement, the government would receive rentals at $20 per acre and royalties at 20 percent from this lease. The lessees also paid the required administrative fee and reimbursed the BLM for the cost of publishing the notice.
Two-Year Extension Added to Lease
The BLM proposes a two-year extension of the lease term measured from the date the lease is reinstated. That extension would add two years of lease term to the reinstated lease.
Lessee Paid Administrative and Publication Costs
The lessees paid the required administrative fee and reimbursed the Bureau of Land Management for the cost of publishing this notice. Those payments are confirmed in the notice.
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Key Dates
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