The Bureau of Land Management in Colorado held one of its largest oil and gas lease sales on Tuesday, June 16, offering sales of 170 parcels in Arapahoe, Garfield, Jackson, Mesa, Moffat, Rio Blanco, Routt and Weld counties.
The sale generated over $35.26 million from 147 parcels covering 134,173 acres in these nine counties. The leases were sold to 16 different entities.
While the June lease sale was one of the BLM’s quarterly leases mandated by the Mineral Leasing Act of 1920, it was the fourth conducted in Colorado under the new presidential administration, which has ushered in a new era under the One Big Beautiful Bill Act and President Donald Trump’s day-one executive order to “unleash American energy.”…