$10.9M from State North Slope Lease Sale
The annual sale saw competition for Shell’s recently relinquished offshore tracts plus the first bid on a North Slope Foothills tract in a decade.
Tag: Offshore Oil
2019 Alaska Oil & Gas Lease Sale Delivers Positive Results
Oil and gas exploration companies offered $7.8 million for the rights to search for oil on 154,610 acres of state land on Alaska’s North Slope and Beaufort Sea, according to results from the 2019 oil and gas lease sale conducted by the Division of Oil & Gas.
UAF Leads Project to Map Hydrocarbon Seeps on Alaska Seafloor
Researchers from the University of Alaska Fairbanks are mapping oil and gas seeps off Alaska’s coast to better understand hydrocarbon resources and seafloor ecosystems.
State Receives Three Bids in Cook Inlet Oil & Gas Sale
The Division of Oil and Gas received three bids encompassing 10,286 acres and totaling approximately $190,350 in bonus bids from Hilcorp Alaska.
International Interest in the North Slope
Alaska’s oil potential is global in scale, and international organizations engaged in exploration or development (or both) have been seizing opportunities they see in the Last Frontier.
Fall 2019 Lease Sale to Include SALSA Oil and Gas Sale Blocks
The Division of Oil and Gas will offer Special Alaska Lease Sale Area (SALSA) blocks in conjunction with the Fall 2019 oil and gas lease sale, Commissioner Corri A. Feige said.
New Finds, New Players, New Optimism: 2018 Oil & Gas Review
In January 2018, the Anchorage Economic Development Corporation (AEDC) projected that after an enduring economic recession, things were beginning to look up for the oil and gas sector.
Staying Safe on the North Slope
Working in Alaska’s North Slope can be challenging enough, but a few companies are taking that challenge a step further, drilling from manmade islands into promising basins miles off the coast.