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NEWS BULLETIN

July 25, 2005 --- Vol. 11, No. 61July 2005

State postpones North Slope and Beaufort Sea lease sales

The Alaska Peninsula areawide oil and gas lease sale will be held Oct. 26, and it will be the only areawide sale in October: the North Slope and Beaufort Sea sales have been rescheduled to February.

The Alaska Department of Natural Resources Division of Oil and Gas said today that it wants to focus industry attention on the Alaska Peninsula sale and to spread the work of both participants and staff more evenly. “The Department of Natural Resources has worked hard to evaluate and organize AP 2005, and this sale deserves our full attention this October,” the department said in a sale notice.

The department released the final best interest finding and the Alaska Coastal Management Program determination for the Alaska Peninsula areawide sale. The sale area is divided into 1,047 tracts ranging in size from 1,280 acres to 5,760 acres, and includes onshore and offshore acreage from the Nushagak Peninsula in the north, down the north side of the Alaska Peninsula to just north of Cold Bay.

Information will be posted on the division’s Web page at: http://www.dog.dnr.state.ak.us/oil/

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