Groups want to void oil, gas lease auction results | SummitDaily.com
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Groups want to void oil, gas lease auction results

DENVER – Three groups are asking the State Land Board to withdraw results of an auction last month of oil and gas leases in Park County.

The Rocky Mountain chapter of the Sierra Club, Be the Change and the South Park Coalition say the state didn’t receive fair market value for the leases, some of which went for the minimum bid of a $1.50 per acre for yearly rent and a filing fee.

The groups also are concerned about potential environmental effects of drilling.

Buyers at the auction have said higher prices were bid for leases with more potential.

The State Land Board manages the state’s mineral rights to generate money for public schools and other institutions. Board spokeswoman Melissa Yoder said Wednesday the groups’ appeal request is under legal review.


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