Legacy Ranches and Fine Sporting Properties

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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