Oil Firms Get Second Chance on Colorado Drilling Leases
Published Date: 7/28/2025
Notice
Summary
Okreek Oil and Gas LLC, Bison IV Properties, and Morning Gun Exploration want their oil and gas leases back in Weld County, Colorado. They paid the fees they owed, and the government agrees to reinstate the leases since everything checks out with the rules and plans. This means these companies can get back to work soon, keeping energy flowing and local business buzzing.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
BLM Proposes Reinstatement of Three Leases
The Bureau of Land Management (BLM) proposes to reinstate three terminated oil and gas leases in the Pawnee Grasslands, Weld County, Colorado, for Okreek Oil and Gas LLC, Bison IV Properties Colorado, LLC, and Morning Gun Exploration LLC. The companies filed timely petitions, paid the required rentals that accrued from the dates of termination, and the BLM found the leases meet the Mineral Leasing Act of 1920 and BLM rules and conform to the Eastern Resource Management Plan signed January 9, 2024.
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