Royalty gas final finding issued - December 30, 2001

Providing coverage of Alaska and northern Canada's oil and gas industryDecember 2001

Vol. 6, No. 23

Week of December 30, 2001

Royalty gas final finding issued

Petroleum News Alaska Staff

The Division of Oil and Gas will hold a competitive sale of the state’s Alaska North Slope royalty gas.

The division said Dec. 26 that the commissioner of the Department of Natural Resources has determined that holding a competitive sale of the state’s ANS royalty gas at this time is in the best interest of the state.

The state usually receives cash from oil and gas lessees for its royalty share but has the option of taking its royalty in kind and selling it itself. Depending on the outcome of the competitive sale process, the division said that the state may sell some of the royalty gas that will be produced if a North Slope gas pipeline is built.

Bids will be accepted through Jan. 31 and offers received by the deadline will be opened and announced at a public meeting Feb. 1 at 8:30 a.m. in room 240 of the Robert B. Atwood Building, 550 W. Seventh Ave., Anchorage.

PNA will have a story on the commissioner’s final finding in its Jan. 6 issue.

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.