National Petroleum Reserve in Alaska Oil & Gas Lease Sale Generates Nearly $659,000
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Anchorage —The Bureau of Land Management (BLM) today held a lease sale in the National Petroleum Reserve in Alaska (NPR-A) that generated $658,978.20. Today’s sale offered 270 tracts comprising about 3 million acres. Two companies submitted 7 bids for the right to develop oil and gas lease tracts in the federal petroleum reserve managed by the BLM on Alaska’s North Slope. The bids on 7 tracts encompassed about 66,650 acres. Today’s sale is the tenth since 1999. Total bids received for the nine prior sales totaled more than $260.6 million. Currently, 205 leases cover more than 1.7 million acres in the NPR-A. Tracts available for lease are consistent with the NPR-A Integrated Activity Plan and the Record of Decision signed in February 2013. The highest bid of $206,201, or $53.67 per acre, was offered today by ConocoPhillips Alaska, Inc./Anadarko E&P onshore LLC for tract 2014-H-161. The State of Alaska will receive 50 percent of the NPR-A lease sale bid receipts, or $329,489.10. A map and table with complete sale results by tract are posted at the BLM-Alaska website at: http://www.blm.gov/ak. |
The BLM manages more than 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. Our mission is to sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.