NEWS BULLETIN

November 07, 2012 --- Vol. 18, No. 85November 2012

State sales bring in $14.2 million

The State of Alaska opened bids today for three areawide oil and gas lease sales — the Beaufort Sea, North Slope and North Slope Foothills — with apparent high bids totaling $14,240,330.73.

The bids were read this morning by Bill Barron, director of the Division of Oil and Gas.

The Foothills sale brought in the smallest amount, $961,920 bid on eight tracts by one company.

Twenty-six tracts received bids from five bidders or bidding groups in the Beaufort Sea sale, for a total of $1,781,235.20.

The North Slope areawide sale received the largest number of bids, 98, on 88 tracts, from 12 bidders or bidding groups, with total apparent high bids of $11,497,175.53.

The Bureau of Land Management opens bids this afternoon in its National Petroleum Reserve-Alaska lease sale.

—Kristen Nelson

See story in Nov. 11 issue, available online Friday, Nov. 9 at 11 a.m. at PetroleumNews.com


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