State sets date for fall O&G lease salesOnce again, prime Beaufort, North Slope acreage comes with $25-per acre minimum bid, rental of $250 an acre starting with year 8 Kristen Nelson Petroleum News
The Alaska Department of Natural Resources Division of Oil and Gas has set a Nov. 7 date for its fall areawide oil and gas lease sales and as in last year’s sales, bid minimums and rental rates for two of the three sales are designed to encourage development.
The bids — for the Beaufort Sea, North....
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