Mapmakers releases Foothills areawide lease sale map
Mapmakers Alaska has released a map showing the results of the state’s North Slope Foothills areawide lease sale held May 1 in Anchorage (see page 9).
Petroleum News Alaska Staff
Mapmakers President Brit Lively said the Cook Inlet areawide sale map will be available by the end of the week. (Watch for it in PNA’s May 19 issue. PNA news bulletin subscribers will receive an electronic link to the map by May 10.)
The Foothills sale brought in $10,266,086.40 in apparent high bonus bids (see chart on page 8); the Cook Inlet areawide garnered $581,290.02. (See full story on both sales in last week’s PNA.)
There were 201 bids on 197 tracts totaling 1,119,360 acres in the Foothills sale, making it the most acreage ever leased in a state sale. Petro-Canada Alaska Inc. dominated the sale, with apparent high bonus bids of $8,526,681.60 on 179 tracts, which represented 83 percent of the sale dollars.
Companies that took acreage in the Cook Inlet sale included Marathon Oil Co., Northstar Energy Group and Forest Oil Corp.; individuals were Monte J. Allen, Robert Bolt, Paul L. Craig, Daniel K. Donkel and Richard E. Wagner. (See chart on page 8.)