Colorado Bureau of Land Management Proposes New Oil and Gas Lease Sales

Colorado Bureau of Land Management proposes new oil and gas lease sales

The Colorado Bureau of Land Management office has opened a public comment period for oil and gas leases in Colorado.  On Dec. 9, the office announced that it would start a 30-day public scoping period on the sale of 174 parcels that may be included in a June sale. The sales encompass 160,628 acres in Moffat, Routt,  Rio Blanco and Garfield counties.  After the 30-day period and before the sales, the agency “conducts an environmental analysis and…

31,000 Acres of Public Land Leased for Oil and Gas Development in Colorado - Taxpayers for Common Sense

On December 9, the federal government leased 30,528 acres of public land in Colorado for oil and gas development at the recently reduced federal royalty rate of 12.5%. The result is an estimated $57 million in lost royalty revenue on oil and gas production over the lifespan of these leases. This adds to mounting losses—TCS calculates that taxpayers have already lost $454 million in projected royalty revenue from leases sold since July 4, when th…