Next Trust land sale planned for spring - September 29, 2002

Providing coverage of Alaska and northern Canada's oil and gas industrySeptember 2002

Vol. 7, No. 39

Week of September 29, 2002

Next Trust land sale planned for spring

Petroleum News Alaska Staff

The Alaska Mental Health Trust Office plans to hold its next oil and gas lease sale in the spring.

Mike Franger, The Trust Land Office’s senior resource manager, told PNA Sept. 24 that a potential sale this fall has been shifted into next year.

“We are now planning on having the sale in the spring, and including acreage on the Kenai as well as west side lands,” Franger said.

The Trust Land Office conducted its first lease sale in September 2001, attracting nine bids for eight tracts and leasing some 40,000 acres. With subsequent leases, the agency now has almost 50,000 acres under lease in the Cook Inlet basin.

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