Coalition hopes incentives will stop drillers

By: Associated Press Email
By: Associated Press Email

GLENWOOD SPRINGS, Colo. (AP) -- Colorado ranchers and sportsmen are offering to buy back oil and gas leases to protect 220,000 acres of high-country public land from oil and gas drillers.

The Thompson Divide Coalition says it can raise as much as $50 million to buy leases in an effort to protect the region's tourism and agricultural economies.

According to the Denver Post, Encana and SG Interests have declined the offer.

The Thompson Divide includes federal land from Carbondale to McClure Pass crossing Pitkin, Gunnison, Garfield, Mesa and Delta counties.

Lawmakers are working on legislation to prevent future mineral leasing in the area and offer companies reimbursement if they trade in existing leases.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Szabla Location: Location on Nov 15, 2012 at 03:46 PM
    $50 million is chump-change if the wells produce.
  • by Fugg Location: Location on Nov 15, 2012 at 09:57 AM
    The oil and gas in those leases far exceed the cost of the lease. The jobs a revenue to the state outweigh the desires of the tree hugging enviromentalist that seek to cripple the economy on the western slope.
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