News

Oil, gas, coal mining on federal land in Colorado generates $393M in revenue, most in 14 years

Oil, natural gas and coal mining operations on federal lands in Colorado generated more than $393 million in lease and fee revenues in 2022 for the federal and state governments — the most in 14 years. A combination of increased oil production, higher commodity prices and new royalty rates and fees led to a 64% surge in revenue in Colorado compared to 2021, according to figures from the U.S.

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Court mediation offers litigants expanded options for conflict resolution

Court mediators are being recruited in Colorado’s Third Judicial District, which is expected to firm up the program locally and continue to offer litigants expanded options for conflict resolution. The program is currently small within the district, with two Trinidad residents serving as volunteers — including an attorney and a former prison officer — but a handful of additional volunteers are being sought to volunteer their time and communication skills to the program.

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Business organizations urge Biden administration to boost domestic energy production

Business leaders across the country have joined together to call on the Biden administration to boost domestic energy production and to abandon a proposal to ban new offshore lease sales. More than 200 local chambers of commerce in 47 states and 14 national associations penned a letter to President Joe Biden to urge him “to strengthen our energy security by removing impediments to greater domestic energy production.” “High energy prices remain a major concern for businesses throughout the United States and are a leading cause of inflation,” the letter read.

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Blue Star investor secures ‘substantial’ stake in AXS-listed company

Blue Star Helium (AXS: BNL) received notice in early- November that an Australian holding company has secured a “substantial” stake in the company. Credit Suisse Holdings (Australia) Limited, on behalf of Credit Suisse Group AG and its affiliates, acquired nearly 80 million shares of common stock over the last four months, according to a regulatory notice.

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