BLM releases final analysis of Moneta Divide oil and gas project - Casper, WY Oil City News
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BLM releases final analysis of Moneta Divide oil and gas project

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CASPER, Wyo. — The Bureau of Land Management has released the Final Environmental Impact Statement for the Moneta Divide Oil and Gas Development Project in central Wyoming.

Release of the Final EIS begins a 30-day public availability period and 60-day Governor’s consistency review. The BLM says they will not issue a Record of Decision on the EIS until the availability period and consistency review are complete.

The BLM says that the Final Environmental Impact Statement identifies a range of alternatives and includes the agency’s preferred alternative, which was developed following extensive review and consideration of public comments received on the Draft EIS. The preferred alternative also includes an amendment to the Casper Resource Management Plan.

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“The proposed Moneta Divide project, submitted by Aethon Energy Management and Burlington Resources Oil and Gas Company, is projected to recover approximately 18.16 trillion cubic feet of natural gas and 254 million barrels of oil over the 65-year life of the project,” a BLM statement said Friday. “The project could generate approximately $182 million per year in Federal royalties, $87.5 million per year in severance taxes for the State of Wyoming, and $106 million per year in County Ad Valorem taxes.”

The project area includes approximately 327,645 acres of public, state and private lands.

Approximately 67 percent of the project area is on BLM managed public lands, 10 percent is on State of Wyoming and State Parks land, and 23 percent is on private surface.

Proponents plan to drill up to 4,250 new vertical, directional and horizontal wells from single and multi-well pads over a 15-year development period.