Environmental Group Buys Hoback Oil Leases


0  Updated at 11:24 am, January 3rd, 2013 By: Managing Editor
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(JACKSON, Wyo.) – An environmental group is buying more than 58,000 acres of oil leases in the Upper Hoback Basin in western Wyoming.

The Trust for Public Land raised nearly $9 million for the project, which purchased the land from the Plains Exploration and Production Company.

Officials say they worked for nearly a decade to raise the funds. The trust will retire all of the oil and gas leases in the acreage to ensure a safer habitat for the region’s wildlife.

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