The Bureau of Land Management received zero bids on more than 20,000 acres offered in an oil and gas lease sale in early January in Jackson, Moffat and Garfield counties.
The result highlighted how federal mineral leasing policies collide with state regulations industry leaders said suppress production.
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The Colorado Chamber of Commerce flagged regulatory risks.
“Our regulatory climate is now one of the greatest risks to Colorado’s business climate and future growth, and we believe it is the primary reason we’ve been losing momentum in economic competitiveness,” the chamber told The Denver Gazette.
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