Bids spike in Northern Alaska lease sales

Nov. 19, 2014
Alaska’s Division of Oil & Gas received 356 bids on 298 tracts in its 2014 Northern Alaska area-wide lease sales, trumping the 92 bids received for 91 tracts in the same areas last year.

Alaska’s Division of Oil & Gas received 356 bids on 298 tracts in its 2014 Northern Alaska area-wide lease sales, trumping the 92 bids received for 91 tracts in the same areas last year (OGJ Online, Nov. 6, 2013).

The North Slope took the bulk of this year’s bids at 297, while the Beaufort Sea received 57 bids and the North Slope Foothills received 2 bids.

The deadline for submitting bids was Nov. 17.