• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Does Toyota Know Something That We Don’t?
  • 5 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 17 hours America should go after China but it should be done in a wise way.
  • 5 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 4 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 5 days Putin and Xi Bet on the Global South
  • 5 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 6 days United States LNG Exports Reach Third Place
  • 6 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
Will OPEC Increase Production?

Will OPEC Increase Production?

Even though the IEA cut…

Why Are Hard-To-Abate Industries So Difficult To Decarbonise?

Why Are Hard-To-Abate Industries So Difficult To Decarbonise?

Despite progress in decarbonization efforts,…

BLM To Hold Colorado Oil, Gas Lease Sale In September

The Bureau of Land Management (BLM) will be offering 78,691 acres in Colorado in the quarterly oil and gas lease sale on September 26, just as Colorado is passing major overhauls in the rules regulating the oil and gas industry in the state.

In the oil and gas lease at the end of September, the BLM is offering 83 parcels in the Royal Gorge, Kremmling, Little Snake, and White River field offices in Cheyenne, Kiowa, Weld, Garfield, Jackson, Moffat, Rio Blanco, and Routt counties.

BLM’s sale notice initiates a 30-day public protest period that ends on August 26, 2019, the bureau said in a statement.

Oil and gas development on BLM-managed lands in Colorado contributed an estimated US$6.9 billion to the economy in the fiscal year 2018, the BLM said, noting that the state gets 48 percent of proceeds from each lease sale, while the rest goes to the U.S. Government.

“The BLM continues to work with the State of Colorado to ensure responsible energy development through thoughtful consideration of parcels nominated for leasing and potential resource impacts of decisions to lease in identified big game habitat,” it said.

The oil and gas lease sale comes months after the state of Colorado moved to overhaul its oil and gas regulations by allowing local communities a greater say over drilling operations, including permitting, zoning, and setback distances.

In mid-April, Colorado Governor Jared Polis, a Democrat, signed the bill into law.

Dan Haley, President and CEO of the Colorado Oil & Gas Association, said, commenting on the new law:

“SB 181 is the most comprehensive oil and natural gas legislation Colorado has seen in decades. While we appreciated and supported a few critical amendments that were added to address some of our concerns and that provide a degree of certainty for our member companies, we still oppose the legislation.”

Colorado, which has seen its oil production more than quadruple since 2010, thanks to fracking, is also considering more stringent controls over the oil and gas industry in order to fight air pollution—a topic which could rekindle debates in the state.

ADVERTISEMENT

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News