State takes in $807,891 at Beaufort sale
Three bidders, including new entrant GMT Exploration, take 48,000 acres, 18 offshore tracts; highest bid adjacent to Oooguruk
The State of Alaska took in $807,891.20 in bids on 18 tracts in a Beaufort Sea areawide oil and gas lease sale held Feb. 24 in Anchorage.
The sale attracted three bidders or bidding groups and total acreage for the 18 tracts, each of which received one bid, was 48,000.
Denver-based GMT Exploration....
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Former Conoco tracts
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