GREELEY, Colo. (AP) — Authorities are investigating after someone stole $267,000 worth of drill bits from an oil and gas site near Milliken.

Cpl. Sean Standridge with the Weld County Sheriff’s Office tells The Denver Post the bits were recently taken from a site operated by Canada-based Ensign Energy Services Inc.

The Greeley Tribune reports each of the seven stolen bits weighs about 300 pounds and would have required two people to move. The thieves also would have likely removed the bits from the scene by pickup truck.

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