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Moneta Divide Project approved by BLM

In an effort to facilitate responsible energy production, the Bureau of Land Management’s Record of Decision has approved the Preferred Alternative analyzed in the Final Environmental Impact Statement for the Moneta Divide Project based on extensive review and consideration of public comments received. 

The Moneta Divide Project proposes to drill up to 4250 wells over a 15 year period with the potential to generate $182 million per year in Federal royalties, $87.5 million per year in severance taxes for the State of Wyoming, and $106 million in County Ad Valorem taxes.

The Moneta Divide Project is expected 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.  The approval of the Final Environmental Impact Statement for the Moneta Divide Project does not authorize any ground activity at this time and will still require review and approval for each individual well.

Read the full announcement here