State makes leases transactions for April

The Alaska Department of Natural Resources issued a package of leases in April.

The state issued 41 leases acquired by three companies in a November 2014 North Slope lease sale. The Armstrong-subsidiary 70 & 148 LLC took 37 leases. Caelus Alaska Exploration Co. LLC took three leases. ConocoPhillips Alaska Inc. took one lease.

Also in April, the state formalized the expansion of the Hilcorp-operated Granite Point unit in Cook Inlet. The expansion could more accurately be described as a merger: Hilcorp expanded the South Granite Point unit to include the leases of the adjacent Granite Point field. The expanded unit is now known as “the Granite Point unit.”

The expansion went into effect retroactive to March 1, 2015.

- Eric Lidji