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Providing coverage of Alaska and northern Canada's oil and gas industry
August 2018

Vol. 23, No.31 Week of August 05, 2018

SALSA — tract groupings, not prospects

Petroleum News

The Alaska Division of Oil and Gas has pointed out that wording in a story, “Bids on blocks,” in the July 29 issue, is not accurate.

The story said the state was acting as an aggregator with the SALSA, Special Alaska Lease Sale Areas, to be offered in the fall areawide oil and gas lease sales and referred to the SALSA blocks as prospects.

No prospects have been identified on the blocks.

“In reality,” the division said in an email, “we have been trying very hard to avoid the misimpression that the state has identified and analyzed prospects on each of these SALSA blocks. The state does not warrant or imply that each of the SALSA blocks cover identified prospects. We are simply grouping leases together that are covered by publicly released tax credit seismic, and have done a lot of legwork to point explorers to where they can collect the relevant data needed to evaluate the acreage and decide whether to bid on it at our lease sales.”

Petroleum News apologizes for the misstatement.






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