Date set for spring oil & gas lease sales

Petroleum News

May 22 is the date set for opening of sealed bids in the state’s spring oil and gas lease sales, the Alaska Department of Natural Resources, Division of Oil and Gas said in sale information posted Feb. 11 on the division’s website.

Areawide sales are held in the spring for both Cook Inlet and the Alaska Peninsula.

The bid opening will be at 9 a.m. in the Atwood Conference Center in Anchorage.

In Cook Inlet, there are currently 209 state oil and gas leases on some 461,000 acres, the state said, 319,000 acres onshore and 141,000 acres offshore. Gross acreage for the Cook Inlet areawide sale is 2.2 million acres onshore, and 1.7 million acres offshore, a total of 3.9 million acres.

In the Alaska Peninsula, 4 million gross acres are available, 1.75 million of which are offshore in the sale area which extends from Nushagak Peninsula south to the vicinity of Cold Bay along the northwestern side of the Alaska Peninsula.

There are no leases in this area, so all acreage is available for leasing.

- Petroleum News