land purchase

Orion Mine Finance

The likely new owners of four million acres of mineral rights and a million acres of land primarily in Wyoming is Orion Mine Finance, a subset of the investment management firm Orion Resource Partners. Jon Lamb, portfolio manager with Orion Resource Partners, spoke with Cooper McKim regarding the firm's thinking behind the purchase and their plans forward.

State of Wyoming

After several months of anticipation, Wyoming has withdrawn its bid for roughly four million acres of mineral rights and a million acres of land owned by the oil and gas company Occidental Petroleum. Gov. Mark Gordon had hoped to use those assets to improve the state's rate of return on investments.

Throughout the process, there were questions about what was going on behind-the-scenes. Gordon put out a statement following the state's bid withdrawal looking to answer some of those questions. Wyoming Public Radio's Cooper McKim spoke with the governor to talk through that statement.

State of Wyoming

Gov. Mark Gordon released a statement following a press release providing answers to some long-held questions regarding the state's bid for Occidental Petroleum's 4.5 million acres of mineral rights and one million acres of surface land.

Proposed Oxy Land Purchase
Governor's Office

Wyoming has withdrawn its $1.2 billion bid for land and minerals owned by Occidental Petroleum after it entered into a purchase and sale agreement with another entity.

Occidental announced it entered into the agreement with Orion Mine Finance to divest some of its Land Grant assets in Colorado, Utah, and primarily, Wyoming. It includes 4.5 million mineral acres and one million fee surface acres.

After much anticipation, the Governor's Office announced this afternoon that Occidental Petroleum moved on with another parties' bid for its one million acres of land and four million acres of mineral rights in southern Wyoming. The company alerted Gov. Mark Gordon over the weekend that Wyoming was not selected, according to his office.

Uinta, Carbon, and Sweetwater County Maps With Parcels Up For Sale Highlighted. Land grant map listed as well.
Online GIS maps, Cooper McKim

Wyoming plans to move forward with a bid on a million acres of land and four million acres of mineral rights from Occidental Petroleum. After hearing from the public for the first time since the legislative session on the deal, the State Loan and Investment Board (SLIB), made up of five elected officials, amended its motion to make room for more transparency.

On Monday, July 6, the State Land and Investment Board will decide whether it wants to move forward and bid on acquiring a million surface acres and four million acres from Occidental Petroleum. The board, which is made up of the top five state elected officials, is awaiting word from the international investment and financial services company Barclays on the value of the land.

Ken Lund via CC BY-SA 2.0

In an unexpected move, Gov. Mark Gordon vetoed a bill that would have laid the groundwork for a major land and mineral rights deal between Wyoming and Occidental Petroleum.

Online GIS Maps; Cooper McKim

Wyoming legislators are working through two bills that would lay the groundwork to study and potentially buy over a million acres of land and four million acres of mineral rights across the southern part of the state.

The 1,010,900 acres of land in question sits within six Wyoming counties: Lincoln, Uinta, Carbon, Albany, Laramie, and Sweetwater. Local officials are beginning to grapple with the potential risks and rewards of the deal.

Stephanie Joyce / Wyoming Public Radio

Both the Wyoming House and Senate began discussing the possible purchase of a million acres of surface land and four million acres of mineral rights. Legislative leaders said the goal is to establish ground rules that could make such a purchase possible. 

Bob Beck

Wyoming lawmakers continue working on a bill that would allow the state to look into purchasing a million acres of land in southern Wyoming.  

The swath of one million acres of land in southern Wyoming is currently owned by Occidental Petroleum and doesn't include any private or federal land.

Governor Mark Gordon announced this week that Wyoming is looking to buying a million acres of land across southern Wyoming and surrounding states along with 4 million acres of mineral rights.

Bob Beck / Wyoming Public Radio

The State of Wyoming is working on a massive land deal that would involve one million square acres across southern Wyoming.