Beaufort leasing in state’s ‘best interest’

Finding supports 10 years of planned sales in nearshore seas extending from Barrow to Canada; Native groups claim slight from state

Wesley Loy

For Petroleum News

Alaska oil industry regulators have cleared the way for a series of lease sales over the next decade along a vast swath of coastal waters in the Beaufort Sea. The state’s oil and gas director, Kevin Banks, concluded “that the potential benefits of lease sales outweigh the possible negative effects.”....

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