Happy Monday! Welcome back to another week of ESC News Blog!
Did
anyone happen to read the Oil & Gas Journal’s OGJ Daily Update
Newsletter on January 7, 2026, their article titled, “BLM New Mexico,
Oklahoma lease sale yields nearly $327 million in revenue”? In the article, it speaks on how the U.S. Department
of Interior’s Bureau of Land Management (BLM) recently had a quarterly oil
and gas lease sale for parcels in New Mexico and Oklahoma. The oil and gas lease sale was one of the
most successful by bringing in a bid for $218,751 for a single acre. The BLM lease sale leased over 20,000 acres
or 31 parcels with a value of $326.8 million.
As with offshore oil and gas lease sales the royalty rate is 12.5%. If we hear anything else from the BLM, we will
let you know. If you would like to read
more of Oil and Gas Journal’s article, please click the link: BLM
New Mexico, Oklahoma lease sale yields nearly $327 million in revenue | Oil
& Gas Journal.
Here
is some information, if you would like to make a bid in the oil and gas lease
sale which are now conducted online; energynet.com.
If
you would like help in looking into how to transport your product more efficiently
and with less of a carbon footprint or you would like to update your equipment
to make it more efficient with less emissions, contact us via the email in the Blog
and check out our ESC website!
We hope you have a wonderful evening and a great week!
**Disclaimer: You may be charged a fee to read the Oil
and Gas Journal’s article. **