Alaska receives 43 bids in Cook Inlet, peninsula lease sales

The Alaska Division of Oil & Gas reported receiving 43 bids from companies and investors hoping to secure state leases during the Cook Inlet and Alaska Peninsula oil and gas lease sales on May 7.

Preliminary results for the Cook Inlet sale area indicated the division received 40 bids from eight bidders on 35 tracts encompassing 114,203 acres. Winning bonus bids totaled $5,348,443.

For the Alaska Peninsula sale area, the division received three bids from two bidders on three tracts encompassing 10,280 acres. Winning bonus bids totaled $51,400.

The Cook Inlet lease sale area is divided into 815 tracts ranging in size from 100 to 5,760 acres, while the Alaska Peninsula lease sale area is divided into 1,047 tracts ranging in size from 1,280 to 5,760 acres (OGJ Online, Mar. 11, 2014).

Successful bidders will have the opportunity to explore and potentially develop leases for a 10-year term.

Related Articles

Shell makes another deepwater gas discovery offshore Malaysia with Marjoram-1

08/26/2014 Royal Dutch Shell PLC has made another natural gas discovery on Block SK318 offshore Malaysia with the deepwater Marjoram-1 well, which was drilled...

Parsley Energy adds Permian basin acreage

08/26/2014 Parsley Energy Inc., Midland, Tex., has agreed to buy from “multiple sellers” undeveloped and productive acreage in Reagan County, Tex., for a tota...

Western gulf lease sale attracts $110 million in high bids

08/25/2014 Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in ...

Mancharee-1 well doesn’t find significant pay offshore Thailand

08/25/2014 KrisEnergy Ltd., Singapore, reported it has concluded drilling an exploration well on Block G10/48 in the Gulf of Thailand, where the company is de...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected