The latest oil and gas lease sale in Colorado generated just $630,556 for 32 parcels totaling 43,438 acres, the Bureau of Land Management said. The BLM had offered 42 parcels in this lease sale round, but there were few takers. The highest price the Bureau got in the round was $382 per acre. Based on the total sold and the total revenue, the average price for the acreage was just $14.52. The results from this lease sale stand in stark contrast with another sale that took place just four months ago. In September, the Bureau of Land Management leased…
