“Ultimately, the winning bidder in last year’s controversial auction was Casper-based Kirkwood Oil and Gas — the same company that had nominated the parcel — at $19 per acre for the 640-acre tract. When the company later learned that it had been competing against a conservation group, the owners cried foul and claimed they were duped into paying an artificially inflated price.”
The seller is upset they got a good deal? (Counterpoint: these are public leases being sold for the public good.)
Looks like the winning move is for conservation groups to start E&P arms. Snarling the process up in years of litigation might be as good as buying and sitting on it.
The seller is upset they got a good deal? (Counterpoint: these are public leases being sold for the public good.)
Looks like the winning move is for conservation groups to start E&P arms. Snarling the process up in years of litigation might be as good as buying and sitting on it.