Feds plan to hold Idaho oil and gas lease sale

KEITH RIDLER, Associated Press

Feds plan to hold Idaho oil and gas lease sale

BOISE, Idaho (AP) — Federal officials in Idaho in a battle with a Texas oil company over what is believed to be a profitable natural gas field in Payette County plan to offer five parcels for competitive leasing by April.

The U.S. Bureau of Land Management on Monday opened a 30-day public comment period about the proposed lease sale that will offer 6,350 acres to potential drilling in southwest Idaho.

The agency concluded an environmental assessment earlier this month that found no significant impact with the leasing.

But the agency says additional steps involving drilling will require further environmental analysis and public comment.

Idaho officials are considering a request by Houston-based Alta Mesa to exclude federal lands and potential royalties from a drilling unit in what is viewed as a potential precedent setting decision.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs