Mental Health to offer 125,000 acres - August 26, 2007

Providing coverage of Alaska and northern Canada's oil and gas industryAugust 2007

Vol. 12, No. 34

Week of August 26, 2007

Mental Health to offer 125,000 acres

The Alaska Mental Health Trust Land Office has posted notice of an oil and gas lease sale for oil and gas exploration and development in the northern Cook Inlet basin. The Trust Land Office plans to offer some 125,000 acres with a bid opening Nov. 14 at the Trust Land Office in Anchorage.

Twenty-four tracts are being offered. Details are available online at: www.mhtrustland.org/.

The Trust Land Office owns the right to lease or develop the coal, oil and gas rights to approximately 300,000 acres of land around Cook Inlet and on the Kenai Peninsula and has more than 100,000 acres under oil and gas lease in the Cook Inlet and Nenana basin regions and over 2,000 acres under coal lease in the Healy and Sutton areas.

—Petroleum News

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