Rio Blanco oil, gas leases net $543,813
A Windsor, Colo., company today paid $543,813 for U.S. Bureau of Land Management oil and gas leases for some 1,609 acres in Rio Blanco County.
The highest per-acre bid in the Colorado BLM’s quarterly lease sale was $390 for 649 acres, sold to Treasure Resources Inc. The company also won the lease for a 960-acre parcel.
Forty-nine percent of the sale revenue goes to the state of Colorado, and the rest to the federal government.