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Feds Auction Off Calif. Land for Oil Development

The federal government auctioned off nearly 18,000 acres of oil leases on prime public lands on Wednesday in Central California, home to prized vineyards, several endangered species and one of the largest deposits of shale oil in the country.

Eight different groups — including oil companies — bid for the leases involving 15 parcels of land up for auction in rural stretches of Monterey, San Benito and Fresno counties, Bureau of Land Management spokesman David Christy said. The agency plans to announce the winners within 24 hours.

Source: AP. Read full article. (link)

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