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. In Fiscal Year (FY) 2011, recreational and other activities on BLM-managed land contributed more than $130 billion to the U.S. economy and supported more than 600,000 American jobs. The Bureau is also one of a handful of agencies that collects more revenue than it spends. In FY 2012, nearly $5.7 billion will be generated on lands managed by the BLM, which operates on a $1.1 billion budget. The BLM's multiple-use mission is to sustain the health and productivity of the public lands for the use and enjoyment of present and future generations. The Bureau accomplishes this by managing such activities as outdoor recreation, livestock grazing, mineral development, and energy production, and by conserving natural, historical, cultural, and other resources on public lands.
State Office 222 W. 7th Ave, #13 Anchorage, AK 99513-7504
|Last updated: 10-01-2012|
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