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Oil and Gas Leases for Colorado’s Roan Plateau Haul in $114 Million

0 by Timothy Hurst on August 15, 2008

The sale of federal oil and gas leases on Colorado's Roan Plateau netted a record $114 million today, according to the Bureau of Land Management.

The sale of 31 parcels covering 55,186 acres atop and along side the Garfield County mesa in western Colorado generated the most revenue for a sale in the lower 48 states. The money will be split, with 51 percent going to the U.S. Treasury and 49 percent going to the state of Colorado.

About 16,000 protests to the sale — including one from Gov. Bill Ritter's administration — were filed with the BLM. There has also been a legal challenge recently filed against these leases, so it may be a while before any of these leases are finalized.

Denver Post

Bush Administration Proposes Fire Sale of Rocky Mountains for Oil Shale Development

Photo: Bureau of Land Management

Renewable energy and climate change questions and answers

Category: Environment, Politics | Tags: BLM, colorado, gas, lease, oil, petroleum, ritter, roan plateau

About the Author:

Timothy Hurst is the editor at Ecopolitology and Earth & Industry as well as the executive editor of the LiveOAK Media Network. He writes mostly about energy and environmental politics, clean tech, infrastructure and green business. When not reading, writing, or talking about environmental politics to anyone who will listen, Tim likes to ski, hike with his aging lab and get dirty in his Colorado veggie garden. Find Tim on Google+.