BLM Ohio Oil and Gas Lease Sale Generates Over $11 Million

The BLM reported that a quarterly lease sale in Ohio’s Wayne National Forest leased 40 parcels covering 2,777 acres and produced $11,097,693 in total receipts. The lease bonuses and rentals will be divided between the federal government and the state where the parcels are located.

The sale was conducted under the Working Families Tax Cut Act, which lowers the federal on‑shore royalty rate to a minimum of 12.5%, down from the 16.67% rate set by the Inflation Reduction Act, aiming to reduce costs for oil and gas development on public lands.