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$2.6M needed for gas leases - Jackson Hole News&Guide: Environmental

Jackson, Wyoming
Wednesday, February 10, 2016

$2.6M needed for gas leases

Jackson Hole News & Guide

If feds decide not to give energy companies a shot, they would have to repay cash bids.

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Posted: Wednesday, March 26, 2014 4:30 am

Millions of dollars would have to be repaid to natural gas companies if the Bridger-Teton National Forest were to decide to block drilling on 41,554 acres of the Wyoming Range.

The gas leases, in limbo for nearly a decade, were obtained by gas companies in 2005 and OK’d by the Bureau of Land Management, but still need approval from the Bridger-Teton. If the leases are ultimately rejected, $2.6 million collected up-front, called “bonus money,” would need to be repaid to the gas company, said Greg Noble, assistant field manager for the BLM’s Pinedale office.

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1 comment:

  • JC101 posted at 7:10 am on Wed, Mar 26, 2014.

    JC101 Posts: 13

    This article is making it sound like you should sympathize with the oil and gas companies. The fabric of this state is built around their interests, whether it be taxes, mineral rights, land use or wildlife protection. Now you want us to fell sorry because they set up an outrageous deal to abuse protected land and there is actually a little resistance to it? Personally, I would give all my taxes and income this year to see all of those corporate mammoths and their spineless friends at the FS and BLM thrown in prison for trying to trash Wyoming with manipulative political deals and 'buisness schemes' like fracking which are poisoning America and making it weaker, not stronger. And they lie to communities that it will bring jobs and money; Wyomingites should look at states like PA and NY, where impoverished rural communities are being picked for fracking sites, because they have the least voice and no one to look out for them. Communities where you can literally light your tap water on fire and frequent health ailments are caused from contamination of the water table. Not to mention the fact that now these homes are worthless in value to the environmental damage. If that is the path Wyoming wants to go down, we're in the right hands. At present.

     

@JacksonHoleNews

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