[MeanWestTexan]

Follow the money.

A lease is a contract. These contracts were entered in at high oil prices, now shown to be unwise.

To get out of the contract, the USA gives the money back, generally with a penalty.

This is a payoff to politically connected folks.

The chief liberal connected domestic oil company after Oxy?

EOG

Enron Oil & Gas

[griswold3]

hmmmmm....

[crusty old prospector]

You don't have a clue what you are talking about. EOG Resources was spun-off from Enron Corporation in the 1990’s to raise cash to manipulate the electricity futures market. They are two separate companies - one continues to flourish, one has disappeared.

[thackney]

I thought these leases were from the Dec 19, 2008 sale?

[thackney]

It was from the December Sale.

EOG was not one of the buyers of leases.

http://www.blm.gov/pgdata/etc/medialib/blm/ut/lands_and_minerals/oil_and_gas/december_2008.Par.41376.File.dat/SALE%20RESULTS.pdf