No bids for Mental Health Trust sale - November 18, 2007

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

Vol. 12, No. 46

Week of November 18, 2007

No bids for Mental Health Trust sale

The Alaska Mental Health Trust Land Office received no bids for its Nov. 14 oil and gas lease sale.

The Trust Land Office offered 24 tracts, some 125,000 acres, in the northern Cook Inlet basin.

The agency owns the right to lease or develop coal as well as oil and gas on approximately 300,000 acres of land surrounding 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.

—Petroleum News

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