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BLM decision sets stage for major NPR-A lease sale

08/04/2008
The US Bureau of Land Management issued a record of decision that sets the stage for a major lease sale in the National Petroleum Reserve-Alaska’s northeast portion.Land in the NPR-A’s northwest section also will be offered in the sale expected in the fall, the US Department of the Interior agency said on July 16. It said that the acreage, which will become available in the two sections, could result in as much as 8.4 billion bbl of oil being developed.Several trillion cubic feet of natural gas also might be produced for shipment to markets in the Lower 48 states on pipelines which have been proposed, BLM added.Officials emphasized that the announcement was not a response to a...
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