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Vol. 8, No. 30 Week of July 27, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


MMS slashes bid, rental amounts for sale 186

Kristen Nelson

Petroleum News editor-in-chief

The Minerals Management Service has dramatically reduced the minimum bid and rental rates for leases to be offered in its upcoming Beaufort Sea oil and gas lease sale. When MMS announced the sale in February, it said the minimum bid would be $62 per hectare, and the annual rental rate $13 per hectar....

    [additional news subjects in this story]

Sliding rental to encourage quick exploration

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