NEWS BULLETIN

June 21, 2017 --- Vol. 23, No. 18June 2017

Hilcorp bids some $4 million in two Cook Inlet sales

Hilcorp Alaska LLC was the only bidder in the state of Alaska's Cook Inlet areawide oil and gas lease sale and in the federal Bureau of Ocean Energy Management's Cook Inlet lease sale 244. Bids were read in both sales in Anchorage today, with the state doing a live bid reading and BOEM - for the first time in an Alaska sale - reading bids online.

Hilcorp bid on six tracts in the state sale, for a total of $922,392.30. The tracts included two between the Pretty Creek and Beluga River units on the west side, three tracts at Kalgin Island in the southern part of Cook Inlet and one tract off the southern end of the Ninilchik unit, straddling the shoreline south of Ninilchik.

In the BOEM sale, Hilcorp bid a total of $3,034,815 on 14 tracts. The farthest north are two tracts offshore Ninilchik. The company also bid on one tract offshore Cosmopolitan. It bid on a block of three tracts in mid-inlet south of Anchor Point and a larger block of eight leases to the southwest.

Numbers in this story are based on preliminary results from the bid readings.

- KRISTEN NELSON

See story in the June 25 issue, available online Friday, June 23, at www.PetroleumNews.com


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