Colo. BLM auctions oil, gas leases for $112,969
DENVER — Federal officials have sold oil and gas leases on a total of about 6,000 acres in Colorado for $112,969.
The highest per-acre price in the auction Thursday by the U.S. Bureau of Land Management was $215 for an 81-acre parcel in Rio Blanco County sold to Exxon Mobil Corp.
BLM spokesman Jim Sample said the total acreage was the third-smallest leased in Colorado since the late 1970s.
Quarterly auctions of leases for federal minerals typically totaled tens of thousands of acres during Colorado’s recent natural gas boom. The pace of leasing has slowed as natural gas prices have dropped and the economy has slumped.
The state of Colorado will receive 49 percent of the revenue from Thursday’s lease auction.
Related News
BLM nets $13 million in quarterly sale of oil and natural gas leases in 4 statesOctober 22nd, 2009 BLM nets $13 million in quarterly lease saleSANTA FE, N.M. — The Bureau of Land Management netted more than $13 million from its quarterly sale of 48 oil and natural gas leases in New Mexico, Oklahoma, Texas and Kansas.
New Colo. law clears way for homeowners to lease solar-energy systemsOctober 13th, 2009 Colo. law opens way for solar-energy leasesDENVER — Colorado homeowners who want to go solar now have a chance to lease the equipment rather than buy it. San Francisco-based SunRun announced Tuesday that it will start offering leases in Colorado following approval of a law allowing loans for solar equipment to be made to a third party.
Chrysler to resume leasing in hopes of raising sales, but deals won't be as good as pastSeptember 16th, 2009 Chrysler to resume leasing after 1-year breakDETROIT — Chrysler Group LLC says it will return to leasing vehicles after a yearlong hiatus. The automaker says it will offer lease options on all 2010 Chrysler, Dodge and Jeep vehicles.
Interior secretary Salazar rules out withdrawing oil, gas leases on Colorado's Roan PlateauAugust 14th, 2009 Salazar rules out yanking Colo. drilling leasesGRAND JUNCTION, Colo.
Lawrence Frank will be back with Nets despite second straight 34-win seasonApril 29th, 2009 Nets' Lawrence Frank will coach next seasonEAST RUTHERFORD, N.J. — Lawrence Frank is returning to coach the New Jersey Nets next season despite missing the playoffs for a second straight season.
Loading ...