Here's a lease that is being held up even though it brought record bid prices. Same author of the original article that started this thread.
By BOBBY MAGILL
The Daily Sentinel
Thursday, November 08, 2007
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.
The 200-acre parcel, sold to Larkspur-based Avalanche Energy, is within two miles of the Roan Plateau Planning Area, BLM spokeswoman Jaime Gardner said.
The high bid amounted to $26,000 an acre, the highest per-acre bid for an oil and gas lease in Colorado history, Gardner said. By contrast, the average per-acre bid in Thursday’s lease sale was $91.66.
The lease is under protest by the Center for Native Ecosystems, which means it won’t be granted to Avalanche Energy until the protest is resolved, she said.