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Energy development across the Rocky Mountain region

According to The Daily Sentinel in Grand Junction, “The quarterly Bureau of Land Management oil and gas lease sale set a state record Thursday, with one Garfield County parcel selling for $5.2 million, which resulted in an unprecedented price per acre.”

This shows a pattern of how the BLM and energy companies are focusing on proven oil and gas reserves and sometimes shying away from ecologically-sensitive, unproven areas. (See 10/31/07 posting on protests in Grand County that caused the BLM to remove more than 58,000 acres from its Nov. 8 oil and gas lease sale.)

In other related news, the Billings Gazette is reporting that “Sen. John Barrasso, R-Wyo., on Thursday introduced long-anticipated legislation that would put 1.2 million acres of the Wyoming Range off limits to any new energy development and allow existing leases there to be retired.”

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