NEWS BULLETIN

July 29, 2004 --- Vol. 10, No. 67July 2004

Alaska to lease offshore ANWR tracts in October 27 areawide sale

The White House said today that President Barack Obama will nominate Larry Persily as federal coordinator for the Alaska Natural Gas Transportation Project.

This is the position previously held by Drue Pearce, the first coordinator, who resigned at the request of the president earlier this year.

In a statement the White House said Persily has worked for more than a decade on oil and gas issues for three Alaska governors and the Alaska State Legislature and “is known statewide for his bipartisan credentials — he has worked for Democrats and Republicans — and his knowledge of Alaska oil and gas matters, particularly the history of the 40-year effort to develop a North Slope natural gas pipeline.”

Persily is an aide to Alaska House Finance Committee Co-Chair Mike Hawker; he previously served as deputy commissioner at the Alaska Department of Revenue; and assisted with oil and gas, Arctic, commerce, transportation and tax issues in the Washington, D.C., office of the governor of Alaska.

See story in Dec. 13 issue, available online at noon, Friday Dec. 11 at www.PetroleumNews.com

00 p.m. (local time) on October 25. The bidding method for both sales will be cash bonus, with a minimum bid of $10 per acre. North Slope lease terms will be seven years; Beaufort Sea leases will be both seven and 10 years, depending on location. For more details visit the division’s website, www.dog.dnr.state.ak.us/ for sale announcements, instructions to bidders, bid forms and regional tract maps.


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