Marking a possible end to a seven-year process, the U.S. Bureau of Land Management (BLM) released a final environmental impact statement for Jonah Energy LLC's long-standing plans to carry out a normally pressured lance (NPL) natural gas project in Wyoming.
The NPL project covers more than 140,000 acres south and west of the Jonah Field in Sublette County, WY, in which the privately held E&P plans at least 3,500 directionally drilled wells producing natural gas and oil.
BLM said the project would have a positive economic impact in Wyoming, generating an estimated $1.1 billion in tax revenues and 700 jobs.
Company officials said they will review the final environmental documents before BLM makes its final record of decision. Jonah Energy has worked closely with the federal agency and environmental groups to assure the project has minimal impacts on the community, environment and wildlife.
Jonah Energy was formed four years ago and is backed by an investor group led by TPG Capital LLC and including EIG Global Energy Partners. The company has been snapping up more acreage in the company's namesake field and in the Pinedale Anticline through a $581.5 million transaction in May 2017 with Linn Energy Inc.