Lease sale refers to a public auction where oil and gas leases are sold by government agencies, typically for federal lands. The winning bidder receives the right to explore and potentially develop natural resources on the land covered by the lease.
Sentences with «lease sales»
Part of the problem is that retailers and restaurants often use net lease sales to fuel expansion. (nreionline.com)
This status quo is held in place by the federal government's five - year leasing plan that excludes the areas in red from lease sales at least through 2017. (energytomorrow.org)
Accordingly, all coal lease sales should fully recognize this factor in the valuation of the commodity. (greenpeace.org)