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

Wed, 09/20/2017 - 21:06

Wanted: more yarn

Cabin Fever Creations in Soldotna is looking for yarn.

Read more
Wed, 09/20/2017 - 21:06

Hard work: Tanning a moosehide

Wed, 09/20/2017 - 21:06

Weekend flood watch issued for Kenai Lake and Kenai River

The National Weather Service has issued a flood watch for the Kenai Lake and Kenai River from Cooper Landing to Skilak Lake.

Read more