Hilcorp sole Cook Inlet bidder, takes five tracts, 21,802 acres
Kristen Nelson Petroleum News
Hilcorp Alaska was the sole bidder in the state's spring Cook Inlet areawide oil and gas lease sale, taking five tracts, an estimated 21,801.79 acres, at the fixed price of $40 per acre, for a total of $872,071.60.
The bid variable for the Cook Inlet sale was net profit share, with no royalty. Hilc....
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Net profit share
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