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May 30, 2014
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Another gas lease extension OK'd by BLM

SILT — The U.S. Bureau of Land Management on Friday approved another oil and gas lease suspension within the area where 65 leases are being analyzed in a new environmental review.

The latest lease suspension, or extension, request was from Axia Energy and Oxy USA for their lease located on the White River National Forest in Mesa County, about 15 miles south of Silt and just west of West Divide Creek.

The lease was set to expire Saturday, according to a news release from the BLM’s Colorado River Valley Field Office.

It is one of 65 leases that are part of a BLM Environmental Impact Statement to determine whether the leases should be voided, reaffirmed or subject to new conditions.

Suspending the lease prevents any development activity and pauses the 10-year deadline to develop the lease. This and other lease suspensions will remain in effect until the EIS is complete, according to the BLM.

The suspended lease is about 5 miles west of the Thompson Divide region, where 25 leases held by Ursa and SG Interests that were scheduled to expire earlier this spring were also extended in light of the new environmental analysis.

A draft EIS is expected to be released for public review by summer 2015.

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The Post Independent Updated Jun 24, 2014 05:29PM Published May 30, 2014 04:12PM Copyright 2014 The Post Independent. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.