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Cattle Boards
Grasses, Pastures & Hay
BLM leases...how do they work, just courious.
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<blockquote data-quote="greybeard" data-source="post: 943749" data-attributes="member: 18945"><p>Several govt non-ag 'lease' programs also work exactly the same way farmguy, and if BLM leases are like the govt land leases I am familiar with, you are bidding against other potential lessees---not just buying outright. </p><p>The govt offers offshore and onshore govt land to oil and gas concerns all the time and there is a bidding process, with the winning bidder retaining the right to sell, trade, or otherwise do as they please with those leases. The leaseholder can even sell or trade that lease to a foreign concern--like China or Russia and that has happened on more than one occasion.</p></blockquote><p></p>
[QUOTE="greybeard, post: 943749, member: 18945"] Several govt non-ag 'lease' programs also work exactly the same way farmguy, and if BLM leases are like the govt land leases I am familiar with, you are bidding against other potential lessees---not just buying outright. The govt offers offshore and onshore govt land to oil and gas concerns all the time and there is a bidding process, with the winning bidder retaining the right to sell, trade, or otherwise do as they please with those leases. The leaseholder can even sell or trade that lease to a foreign concern--like China or Russia and that has happened on more than one occasion. [/QUOTE]
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BLM leases...how do they work, just courious.
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