Chaco Canyon oil rights sell for $3 million despite protests

By The Associated Press

The Bureau of land Management has auctioned oil and gas drilling rights in northwest New Mexico despite protest from Native Americans and environmentalists.

 

SANTA FE, N.M. (AP) — The Bureau of land Management has auctioned oil and gas drilling rights in northwest New Mexico despite protest from Native Americans and environmentalists.

The rights for drilling on 843 acres in the Chaco Canyon sold for $3 million on Wednesday. The sale of the parcels had been postponed on three occasions since 2012.

BLM spokeswoman Donna Hummel says the agency will not issue the parcels to the winning bidders until several protests filed in connection with the sale are resolved. The names of the winning bidders will not be released until the payment process is complete.

The sale faced significant opposition from environmental groups and members of the Navajo Nation, who say the area of Chaco Canyon National Historic Park has particular significance for Native communities.

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

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

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 ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs