 The Monument was established on May 2 , 1924 . In November 2000 , a presidential proclamation by President Clinton greatly expanded the Monument area . The National Park Service portions of the expanded Monument were designated as Craters of the Moon National Preserve in August 2002 . It lies in parts of Blaine , Butte , Lincoln , Minidoka , and Power counties . The area is managed cooperatively by the National Park Service and the Bureau of Land Management ( BLM ) . 
