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| Utah auction draws few oil and gas drillers | |||
| 20 Nov 2009
: Drillers say it's getting so hard to obtain an oil-and-gas lease in the Rocky Mountains under the new administration of President Barack Obama that many aren't bothering to show up for auctions. The criticism came after the government held an auction of public lands in Utah that was remarkable for how few parcels were offered or sold. Only five drilling leases sold Tuesday. The Independent Petroleum Association of Mountain States says the new administration is scaring away drillers, who say it's holding up leases after taking their auction money. "Why would any company want to go through the time and expense of participating in lease sales when there's zero certainty that the leases will be issued and that there will be any return on their investment?" asked Kathleen Sgamma, the association's government-affairs director, in an interview. |
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