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Wyoming Mineral Owners to Auction Rights

by Kenneth E. DuBose on July 30, 2010

Mineral rights owners in Wyoming plan to auction their rights:

A group of people who own mineral rights in eastern Wyoming say they’re planning to sell those rights to oil developers in a public auction. Energy companies have been snapping up federal, state and private leases in eastern Wyoming amid speculation that new drilling techniques could cause the Niobrara Shale to become a significant source of oil. Typically the companies negotiate individually with private mineral rights owners. But one owner of mineral rights, Ben Massion, who lives in southern California, said holding an auction could help establish fair prices for oil rights.

Full Article : Wyoming Landowners to Auction Mineral Rights – Statejournal.com

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