Oil Lease Gets Second Chance in Wyoming's Carbon County
Published Date: 4/1/2026
Notice
Summary
Kirkwood Oil and Gas asked to bring back their oil and gas lease in Carbon County, Wyoming, which had been ended. The government agrees to reinstate it starting January 1, 2025, with updated rental and royalty rates, plus a 2-year extension. This means Kirkwood can keep exploring and drilling, paying $20 per acre and 20% royalties, keeping business rolling smoothly.
Analyzed Economic Effects
5 provisions identified: 2 benefits, 3 costs, 0 mixed.
Lease Reinstated Effective Jan 1, 2025
The Bureau of Land Management proposes to reinstate oil and gas lease WYW183782 effective January 1, 2025. The reinstatement returns the lease to the lessees under the lease’s original terms but subject to the updated rental, royalty, and extension below.
Royalty Rate Set at 20 Percent
The reinstated lease will carry an increased royalty rate of 20 percent. The lessee must pay 20% royalties under the terms of the reinstated lease.
New Rental Rate: $20 Per Acre
The reinstated lease is subject to an increased rental of $20 per acre or fraction thereof. That $20/acre rental applies as a recurring lease term for the reinstated lease.
Two-Year Lease Extension Added
The proposed reinstatement includes a 2-year extension of the lease term. The extension lengthens the period the lessee holds the lease by two years under the reinstated agreement.
Administrative Fee and Publication Costs Paid
The lessees paid the required administrative fee and reimbursed the Bureau of Land Management for the cost of publishing the notice. Those payments were completed as part of the reinstatement process.
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