CORRECTION: Tract 802 not part of North Fork

Petroleum News

A story about the state’s spring Cook Inlet areawide lease sale in the June 13 issue of Petroleum News incorrectly said that tract 802 was “at” the North Fork unit. The tract is close to the North Fork unit on the southern Kenai Peninsula. The acreage in that tract available for lease, although described in the lease sale as estimated at 5,760 acres, was limited to the unleased acreage, 702 acres.

The Alaska Division of Oil and Gas adjudicates acreage after lease sales, determining the precise acreage in each offered tract which is actually available for lease. This has been the division practice for more than 20 years, but information on all tracts, including tract 802 and other tracts in and around the North Fork unit, is publicly available.

Tract 802 was previously leased and was available to be included in the sale after it was surrendered in 2019. It is in two sections, one northwest of the North Fork unit and the other, smaller portion, south/southeast of the unit.

North Fork is a producing gas field with the unit acreage held by Cook Inlet Energy and in the process of being transferred to Vision Operating, a Gardes Holding company. Gardes Holding purchased North Fork late last year and Vision Operating is the field operator.

Petroleum News apologizes for the error.