Colorado Firms Revive Lost Oil Leases with Payments
Published Date: 8/13/2025
Notice
Summary
Three Colorado companies asked to bring back their oil and gas leases in Las Animas and Weld Counties after they were ended. They paid all the fees they owed, and the government agrees to reinstate the leases since everything checks out with the rules and plans. This means drilling and energy work can continue without delay, keeping business moving and money flowing.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Reinstatement of Colorado Oil & Gas Leases
The Bureau of Land Management proposes to reinstate three terminated competitive oil and gas leases held by Longs Peak Resources, LLC; Las Animas Leasing, Inc.; and Bison IV Properties Colorado, LLC, located in Las Animas and Weld Counties, Colorado. The lessees paid required rentals, the BLM had not issued new leases for these lands before the petitions, and the leases are said to conform with the Eastern Resource Management Plan signed January 9, 2024, so drilling and energy work can continue without delay.
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