U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
|Release Date: 10/01/12|
|News Release No. 12-18|
NPR-A Lease Renewal in Umiat Area
Anchorage—The Bureau of Land Management (BLM) approved an application for renewal of a lease in the National Petroleum Reserve in Alaska (NPR-A) near Umiat. The renewal will be effective November 1, 2012.
The lease is held by Renaissance Umiat, LLC, and managed by Linc Energy (Alaska), Inc. Identified as NPR-A lease AA-084141, the lease was sold in the June 2002 NPR-A lease sale and had been set to expire on October 30, 2012.
The renewal application was supported with evidence of diligent exploration and intent to pursue potential development of the leased land. The lease renewal extends the lease for an additional 10 year term, subject to the terms and conditions applied to new oil and gas leases.
The BLM received $1,150,000 as payment for the 11,500-acre lease renewal. At $3.00 per acre, the annual rental for this lease is $34,500 per year. The State of Alaska receives 50 percent of all revenues received for leasing in the NPR-A.
Notes BLM-Alaska State Director Bud Cribley, “Our agency is optimistic that the lease renewal sought by Renaissance Umiat, LLC is a positive step toward active production in the NPR-A.”
Learn more about BLM-Alaska energy programs at: www.blm.gov/ak/st/en/prog/energy.html
The BLM manages more than 245 million acres of public land, the most of any Federal agency. This land, known as the National System of Public Lands, is primarily located in 12 Western states, including Alaska. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. The BLM's mission is to manage and conserve the public lands for the use and enjoyment of present and future generations under our mandate of multiple-use and sustained yield. In Fiscal Year 2014, the BLM generated $5.2 billion in receipts from public lands.
State Office 222 W. 7th Ave, #13 Anchorage, AK 99513-7504
|Last updated: 10-01-2012|
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