Spring sale bidding to begin online May 17

Petroleum News

Bidding in the state’s spring oil and gas lease sales begins online May 17 and closes June 3, the Alaska Department of Natural Resources’ Division of Oil and Gas said April 21.

The southern areawide sales are offered in the spring sale: the Alaska Peninsula and Cook Inlet.

The division said it has contracted with EnergyNet Services LLC to provide online bidding, with bidder registration and bid submission on the EnergyNet Government Listings site at www.energynet.com.

Sale results will be available to the public online at https://dog.dnr.alaska.gov at 9 a.m. June 9.

Bidding method for both sales will be cash bonus and fixed royalty.

The Alaska Peninsula sale includes some 5 million acres in 1,004 tracts ranging in size from 1,280 to 5,760 acres and encompasses onshore and offshore acreage from the Nushagak Peninsula down the north side of the Alaska Peninsula to just north of Cold Bay.

The Cook Inlet sale includes some 3.3 million acres in 833 tracts ranging in size from 640 to 5,760 acres and encompasses onshore and offshore acreage from Wasilla in the north to Anchor Point in the southeast, then along Alaska’s Submerged Lands Act boundary in Cook Inlet to the Iniskin Peninsula.

- Petroleum News