Cook Inlet lease sale draws bids on 44 tracts

ANCHORAGE — Alaska's annual Cook Inlet petroleum lease sale drew bids on 44 tracts by five bidding groups or individuals.

Hilcorp Alaska LLC, Apache Alaska Corp. and Cook Inlet Energy LLC were the busiest bidders in the sale Wednesday.

Division of Oil and Gas director Bill Barron assesses the sale as three primary players doing fill-in work around some of their existing lease.

He says they're solidifying holdings to continue exploration and development.

Preliminary figures indicate high bids totaled $6.8 million on leases both on and off shore.

More

Mon, 08/21/2017 - 21:17

Assembly reaches land deal on Karluk Basin

Four years after flooding led to scrambling and confusion in the Kalifornsky area, the Kenai Peninsula Borough Assembly finally reached an agreement on how flooding... Read more

Mon, 08/21/2017 - 21:11

Soup’s on for Kenai Peninsula Food Bank fundraiser

On Saturday the Kenai Peninsula Food Bank will be hosting the 21st installment of its annual Soup Supper and Auction, a dinner event that food... Read more

Mon, 08/21/2017 - 21:11

Walker, Mallott file for re-election

Mon, 08/21/2017 - 22:36

Four seats on the school board ballot in October

Some Kenai Peninsula Borough School District students will be braving the halls of high school for the first time this year, or greeting a new... Read more