[CPEO-MEF] FORMER SITES: Oil & Gas drilling at the former Lowry Range (CO)

[Lenny Siegel <lsiegel@cpeo.org>]

Bill would imperil bonanza for Colorado

By Vincent Carroll
Denver Post Columnist (CO)
February 22, 2012

The Colorado State Land Board is set to approve a deal with  
ConocoPhillips next month that would boost state coffers by $137  
million - and that's just for starters.

The company would also pay the land board 20 percent in royalties  
once the lease at the old Lowry bombing range in Arapahoe County  
produces oil and gas, instead of the standard royalty of 16.7 percent.

In fact, board director Bill Ryan tells me, the overall lease is "far  
more restrictive than anything we've done before" - and perhaps "more  
restrictive than any other lease that's been done in the state.


...

For the entire column, see
http://www.denverpost.com/carroll/ci_20013939

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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