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.
Source: U.S. Department of the Interior, Bureau of Land Management
