BLM Colorado office will hold agency's first online lease sale

The US Bureau of Land Management’s Colorado state office posted a proposed list of parcels on July 13 for what will be the agency’s first online oil and gas lease sale.

The US Bureau of Land Management’s Colorado state office posted a proposed list of parcels on July 13 for what will be the agency’s first online oil and gas lease sale.

Congress directed the US Department of the Interior agency to conduct a lease sale on the Internet as part of DOI’s fiscal 2008 budget as a one-time event to determine whether it is feasible, BLM said. It selected Colorado for the event, which will be held entirely online and run from 9 a.m. on Sept. 9 to noon on Sept. 17.

The Internet auction pilot’s website is at www.blm.gov/leasingpilot. It lists 38 parcels totaling 28,489 acres. BLM said that the parcels will be split into two groups and become available for bids on a staggered basis over two days, with each group being offered for seven days.

Similar to typical online auctions, bidders will have the option of submitting one-time set bids on parcels and proxy bids, which automatically increase to a set amount indicated by the bidder, according to BLM.

It said that bidders would have to register online to actually bid and encouraged them to do so early to become familiar with the website and the auction guidelines. Credit card information and a sworn statement of an intention to buy are required. An online tutorial is available at the website, which will remain available for viewing for 30 days after the sale closes on Sept. 17.

There will be no charge for filing protests, BLM said. Protests of parcels being offered must be in writing and delivered by hand, mail or fax. BLM has not made any provision for filing protests online or by e-mail.

Contact Nick Snow atnicks@pennwell.com

More in Government