SUBLETTE COUNTY – A deal negotiated to retire Plains Exploration and Production (PXP) drilling leases in the Hoback Basin could fall through if additional funds are not raised by Dec. 31.
The deal could also be threatened by PXP’s imminent buyout by a larger mining company at the same time.
The Trust for Public Lands (TPL) announced the PXP lease deal Oct. 5 at a press conference in Jackson, but is still $2.25 million short of the negotiated price for the leases.
For the complete article see the 12-11-2012 issue.
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