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WEA cites much fewer Rockies federal lease sales since 2008

10/03/2011
By Nick Snow
Federal oil and gas leasing in the Rocky Mountains dropped significantly from fiscal 2008 during fiscal 2011, the Western Energy Alliance reported. Lease parcels offered fell 70%, total acreage plunged 81%, and revenue declined 44% in the 12-month period ending Sept. 30, it said on Sept. 26. North Dakota was the only state in the region to show an increase because of the Bakken shale oil boom, it added. The US Bureau of Land Management responded that what it considers a slight decline could be attributed to fewer expressions of interest by producers, increased efforts to resolve concerns before leases are offered, and a more measure leasing approach that has reduced the number of protests...
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