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Land Resources / News / Wyoming

Special lease auction approaches new Wyo. record

Source: Associated Press, by Mead Gruver
July 13, 2010
CHEYENNE, Wyo. — An unprecedented special state oil and gas lease auction to handle a rush to drill for oil in eastern Wyoming has grossed a near-record $42 million.

The Office of State Lands and Investments held Friday's auction in response to demand from oil companies to snap up leasing rights. Figures released Monday showed bids for the right

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