State adds 8 tracts to North Slope sale

Eight previously deferred tracts have been added to the 2014 North Slope areawide oil and gas lease sale.

The Alaska Department of Natural Resources Division of Oil and Gas also said in an Oct. 15 statement that terms and conditions for 34 lease tracts have also been changed, from north sub-region to Arctic Slope Regional Corp./state tracts. The division had announced the fall lease sales Oct. 1.

The eight previously deferred North Slope tracts are between the Colville River unit and the Kuparuk River unit east and northeast of Nuiqsut and appear to be tracts formerly included in the Kachemach unit (see story on page 1).

Bids will be opened for the North Slope areawide oil and gas lease sale, along with the Beaufort Sea areawide and North Slope Foothills areawide sales, Nov. 19 at the Dena’ina Civic and Convention Center in Anchorage beginning at 9 a.m.

Details on the sales, including tract maps, are available on the division’s website at http://dog.dnr.alaska.gov/Leasing/LeaseSales.htm.

- Petroleum News