Oil, gas leasing in Colorado down sharply | SummitDaily.com

Oil, gas leasing in Colorado down sharply

GRAND JUNCTION – The oil and gas industry says leasing on public lands in Colorado is down sharply from three years ago.

The industry blames red tape from the federal government.

According to the Grand Junction Daily Sentinel, the Western Energy Alliance says the number of parcels offered by the Bureau of Land Management is down by 70 percent and the acreage involved is down by 81 percent for the fiscal year ending Friday.

The bureau in Colorado offered only four parcels in 2011, and Utah had slightly more, with 17 parcels.

Matthew Garrington of the Checks and Balances Project counters that there are several million acres leased in Colorado for development that have not yet been developed.

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