Tim DeChristopher, 27, a University of Utah economics student and environmental activist, brought 22,500 acres of land between Arches and Canyonlands national parks that he doesn’t plan to develop or even pay for, after being asked if he wanted to bid at a U.S. Bureau of Land Management auction for oil and gas parcels.
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Student Activist Disrupts Government Oil and Gas Auction
Vancouver-based Ritchie Bros. Auctioneers conducted its final unreserved auctions of 2008 last week and is pleased to announce a preliminary gross auction proceeds estimate of US$3.57 billion for the year. This represents a 12% increase over 2007 gross auction proceeds, making this the largest year in the Company’s 50-year history. Ritchie Bros. (www.rbauction.com), the world’s largest auctioneer of industrial equipment, plans to release its full audited financial statements and Management’s Discussion and Analysis for 2008 on February 26, 2009.
Ritchie Bros. conducted 193 unreserved industrial auctions in 13 countries throughout North America, Europe, the Middle East, Asia and Australia in 2008. The Company also conducted 147 unreserved agricultural auctions in 2008. During its last auction week of 2008, Ritchie Bros. attracted thousands of on-site and online bidders to several auctions, including the US$26 million auction at its permanent auction site in North East, Maryland and the US$21 million auction at its permanent auction site in Olympia, Washington (both held December 16 & 17, 2008).
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Ritchie Bros. sells record US$3.57 billion of equipment in 2008
The Bureau of Land Management has stopped the auction of parcels on oil-and-gas drilling near national parks.
The U.S. Bureau of Land Management announced its decision after complaints from National Park Service officials who objected to noise, lights and air pollution near Arches National Park, Dinosaur National Monument and Canyonlands National Park, all in Utah.
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Utah National Parks Oil and Gas Auction Stopped
Kimball International, Inc. has announced that it has completed the sale of all of the Company’s undeveloped land holdings and timberlands, a total of 27,196 acres located in Indiana and Kentucky. The auction sales totaled $50.605 million.
The Company confirmed that it reached an agreement to sell the nearly 12,000 acres in Union and Crittenden counties […]
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Kimball International Land Auction Takes $50.6 Million
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