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Alaska Division of Oil & Gas.

The Division of Oil and Gas received 410 bids from companies and investors seeking oil and gas leases on state lands during the division's annual North Slope, Beaufort Sea, and North Slope Foothills areawide oil and gas lease sales in December 2016. Winning bids totaled nearly $17.8 million. By acreage, the North Slope sale is the second largest of its kind since 1998, when areawide oil and gas leasing began. By dollar amount, it is the third largest since 1998. The division received 402 bids on 384 tracts for a total of 599,880 acres, with winning bids totaling $16,900,490. In the Beaufort Sea sale, the division received 8 bids on 7 tracts totaling 33,460 acres, with winning bids totaling $870,431. The division did not receive any bids for lease tracts in the North Slope Foothills,

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Title Annotation:Inside Alaska Business
Comment:Alaska Division of Oil & Gas.(Inside Alaska Business)
Publication:Alaska Business Monthly
Article Type:Brief article
Geographic Code:1U9AK
Date:Feb 1, 2017
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