MMS SETS JUNE 26 BEAUFORT SEA LEASE SALE

The U.S. Minerals Management Service has scheduled a Beaufort Sea lease sale June 26 in Anchorage. Sale 124 will offer 3,416 blocks covering nearly 21 million acres (OGJ, Dec. 3, 1990, p. 35). The tracts lie 3140 miles off Alaska in 63,280 ft of water but mostly in less than 300 ft. Leases will carry 10 year terms and one-eighth royalties. Barry Williamson, Minerals Management Service director, said, "The Beaufort Sea continues to be one of the more prospective areas off Alaska. "We are