The oil and gas industry says a highly productive new well drilled within a mile of the Thompson Divide area ups the stakes as the Bureau of Land Management considers possibly canceling some leases there.

The West Slope Colorado Oil & Gas Association on Tuesday said SG Interests made the Piceance Basin’s latest Mancos shale natural gas discovery with its new well in Gunnison County west of McClure Pass and Colorado Highway 133.

David Ludlam, the organization’s executive director, said the well helps put to rest the question over the extent of the oil and gas resource that’s at stake in leases the BLM has proposed canceling in the Thompson Divide area southwest of Glenwood Springs.

“Our whole point all along has been that the agency has not accounted for the Mancos shale in assessing what’s to gain or lose here,” Ludlam said.

Read Full Article >>