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Wed May 23, 2012
Idaho Oil And Gas Rights Up For Auction
The natural gas industry is interested in mineral rights in a Idaho wildlife area. This month, the Idaho Fish and Game Commission authorized the state to auction off the mineral rights for nearly 400 acres in the Payette River Wildlife Management Area. The auction could take place in late July.
Suzanne Budge is with the Idaho Petroleum Council. She explains why the company, Snake River Oil and Gas, is interested in the mineral rights.
“Leasing the land in the western Idaho basin at this point in the process is all about gathering the best scientific data that’s available," Budge says. "And really trying and to make an assessment of whether that’s a commercial prospect in that area or not.”
This is a chance for companies to map the area for gas. It could lead to drilling if gas is found. The state would collect royalties on gas extracted from its land.
Gas drillers would not be allowed to sink wells in the wildlife area.
The 1,200-acre reserve is home to several bird species. They include sandhill cranes, hawks, and American kestrels.