May 28, 2017 10:44 PM ET

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Company Overview of Bureau of Land Management

Company Overview

Bureau of Land Management is a government institution that administers public lands for uses, such as energy development, livestock grazing, recreation, and timber harvesting, while protecting natural, cultural, and historical resources. The organization develops and manages more than 260 million acres of surface and subsurface public land and mineral estate. It also assists in the preservation of horses and wildernesses. The institution was founded in 1946 and is based in Washington, District Of Columbia.

1849 C Street NW

Suite 5665

Washington, DC 20240

United States

Founded in 1946

Phone:

202-208-3801

Fax:

202-208-5242

Key Executives for Bureau of Land Management

Management Director and Director
Director of Oregon and Washington office
Acting Director
State Director of Utah
Assistant Director for Communications
Compensation as of Fiscal Year 2016.

Bureau of Land Management Key Developments

Bureau of Land Management Opens Ohio's Wayne National Forest to Oil and Gas Production

Bureau of Land Management has opened new areas in Ohio's Wayne National Forest to oil and gas production. The 240,000-acre Wayne National Forest is a patchwork of small plots, interspersed with private property, spread over 12 counties. In mid-December 2016, BLM offered 719 acres in the forest for lease and, it plans on auctioning an additional 1,186 acres on March 23, 2017. Twenty-two companies bid on the leases in December, paying more than $1.7 million for the right to explore for oil and gas on the land. The Wayne National Forest already has more than 1,200 conventional drilling rigs within its borders, but this lease sale was specifically for production using hydraulic fracturing, commonly called fracking, a process that doubled oil and gas production in the state between 2014 and 2015. As part of a comprehensive forest management review, the company identified as many as 40,000 acres with oil and gas potential that could be opened to drilling in the future. The company has determined drilling would have no significant impact on the environment and would not violate any known environmental protection requirements or local, state, federal, or tribal laws.

Spearmint Applies for Drill Permits Form its Clayton Valley Nevada Lithium Prospect

Spearmint Resources Inc. announced that the company has filed a "notice of intent" to the U.S. Bureau of Land Management in Nevada for a planned drill program on its Clayton Valley Lithium property. As previously announced, the geological work crew on its Clayton Valley Lithium property has identified two distinct lithium targets on its claim block. This property consists of 880 contiguous acres in Nevada that are bordering directly to the east of the Pure Energy Minerals current drill program and directly south of Cypress Development Corp. (who recently signed a deal with Pure for that property and have been enjoying success on their most recent work programs). The drill program is planned to begin in early 2017, following receipt of all BLM approvals. On the recently completed work program, a total of 91 samples were sent to the lab for lithium grade testing. Geologic mapping and sampling has confirmed the presence of lithium bearing green clays of volcanic origin and gravity maps of the Clayton Valley indicate that the brine associated within Pure Energies R8 Reflector Zone, the main Ash Aquifer, is located approximately 600 to 700 feet below the surface. Both targets can be easily tested by reverse circulation and conventional rotary drilling.

Utah Counties Take Aim at Coal Lease Moratorium in Complaint Against Bureau of U.S. Land Management and U.S. Department of the Interior

A pair of Utah counties have filed a complaint against two federal agencies in hopes of reversing a moratorium on federal coal leasing introduced by the Obama administration in January, calling the effort "an act of unwarranted agency overkill." Filed in a U.S. District Court by Kane and Garfield counties, the suit targets the U.S. Department of the Interior and the U.S. Bureau of Land Management, as well as the heads of both agencies, questioning the impact and application of a "pause" on federal coal leasing. The counties' concerns stem from an Obama administration effort announced in January that paused all new federal coal leases while it reviews its program's methods for assessing environmental and health impacts, as well as its valuation of coal owned by the federal government. The case was filed alongside the Rural Utah Alliance. The complaint offers a broad attack on the moratorium, challenging the motivation behind the effort, the process of implementing it and the impact on the local economies. The counties argue that the moratorium was not supported by research or analysis, but instead was the result of political and legal pressure.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 25, 2017
Bureau of Land Management, 160 Acres of Oil and Gas Leases in Valley County, Montana
 

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