State receives no bids on royalty oil contract
Interest in 35,000 barrels a day of Alaska North Slope crude evaporated after BP-ARCO-Phillips deal completed
PNA News Editor
The state Department of Natural Resources Division of Oil and Gas said it received no bids in a competitive sale of the state’s royalty oil for a one-year term.
Bids were due by Sept. 6 and the sale was set for Sept. 7. The state was offering approximately 35,000 barrels of North Slope oil per day....
[additional news subjects in this story]
State takes royalty in kind or in value
Current sales to Williams
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