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March Oil And Gas Leasing Sale Postponed In Wake Of Leasing Pause


Oil pump.
Federal officials are postponing Montana’s March oil and gas lease sale, a few weeks after the Biden Administration pushed pause on new leasing to review current policy. While the oil and gas industry in Montana remains largely unaffected, the move has frustrated industry members.
One small company in Colorado spent years waiting for a parcel in Montana to come up for bid. On Friday, the Bureau of Land Management postponed its chance.
“It’s very disappointing,,” Brian Wert is with Westcliff Resources.
Wert says he and his partners have had their eye on a Powder River Basin area of Montana and Wyoming that includes both federal and private mineral rights. ....

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