06/23/11 - 8:59am
Wednesday’s lease sale could be a sign of increased oil and gas activity in the Cook Inlet.
Jonne Slemons, from the Division of Oil and Gas, said the division was pleased with the results of the sale.
“It’s a very, very good result for us,” Slemons said.
The sale, with bids totaling more than $11 million, was the fourth-largest in state history in terms of the dollar value, said Elizabeth Bluemink, from the state Department of Natural Resources. The largest was in 1993.