No substantial new information for sales

The Alaska Division of Oil and Gas has issued a decision of no substantial new information for the 2018 Cook Inlet and Alaska Peninsula areawide oil and gas lease sales.

Best interest findings are prepared every 10 years for the sales, with annual calls for new information prior to each year’s sale.

No sale date has yet been announced, but these sales are held in the spring, usually in May, although last year the sales were held in June.

The Cook Inlet sale typically draws bids but the Alaska Peninsula areawide sales, which began in 2005, drew bids only in that year, in 2007 (there was no 2006 Alaska Peninsula sale) and in 2014.

- Petroleum News