BLM Internet-Based Auctions

BLM Internet-Based Auctions

This procedural rule amends certain provisions of the oil and gas regulations administered by the Bureau of Land Management (BLM) to recognize that the BLM is authorized to use either oral or internet-based auction procedures to conduct oil and gas lease sales under the Mineral Leasing Act of 1920, as amended (MLA). The changes made by this rule update the BLM’s regulations to be consistent with the National Defense Authorization Act for Fiscal Year (FY) 2015 (NDAA), which specifically granted the BLM the authority to use internet-based bidding for its competitive oil and gas lease sales.

This rule is effective on August 31, 2016.

READ MORE:  https://www.federalregister.gov/articles/2016/08/31/2016-20943/blm-internet-based-auctions

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