By the OGJ Online Staff
HOUSTON, Oct. 25 -- The Alaska Department of Natural Resources said Thursday that sales of North Slope and Beaufort Sea state leases drew $12.88 million in high bids Wednesday.
In the North Slope sale, companies and individuals bid $7,445,081 for 110 tracts totaling 469,760 acres. The state received 146 bids totaling $8.6 million.
SWEPI LP had the highest bid ($1.7 million) and highest bid per acre ($297) for tract 0109. In all, it paid $2.44 million for 10 tracts.
Anadarko Petroleum Corp. picked up 17 tracts for $1.6 million. JA.Bachner, K. Forsgren, and D. Fedderson paid $872,678 for 31 tracts.
The North Slope sale offered 1,225 tracts totaling 5.1 million acres in an area between the Canning River and Arctic National Wildlife Refuge on the east and the Colville River and the National Petroleum Reserve-Alaska on the west. The southern boundary was the Umiat Meridian baseline.
The Beaufort Sea sale drew winning bids of $5,441,216 for 24 tracts. Companies and individuals submitted 31 bids totaling $5.8 million for 60,800 acres.
Armstrong Resources LLC dominated the sale, getting 10 tracts for $4.2 million. It had the highest bid ($809,959) and the highest bid per acre ($316) for tract 378.
The Beaufort Sea sale offered 573 tracts totaling 2 million acres of tidal and submerged lands, all between the Canadian border and Point Barrow.
