State to issue supplement to Cook Inlet final finding

Petroleum News Alaska Staff

The Department of Natural Resources, Division of Oil and Gas, said March 31 that it will issue a supplement to the final finding of the director for the Cook Inlet areawide oil and gas lease sale. The finding was released Jan. 20, 1999.

The division said the supplement will contain new information related to the decision to re-offer acreage in Cook Inlet areawide 2000 oil and gas lease sale, tentatively scheduled to be held Aug. 16.

The proposed Cook Inlet areawide sale 2000 covers an area of approximately 4.2 million acres in the Kenai Borough, the Matanuska-Susitna Borough and the Municipality of Anchorage. There are 815 tracts ranging in gross area from 640 to 23,040 acres. The division will determine the exact amount of net leasable acreage in tracts after bids are received. The sale area contains all unleased, state-owned lands in the Cook Inlet area.

The division said it would issue a supplement to chapter three of the final finding based on information received after a Dec. 29, 1999, call for comments. The supplement and an instruction to bidders packet will be available May 2.