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

Fri, 02/23/2018 - 17:34

LIO Teleconference Schedule for Feb. 26

Monday, 8:00 a.m.

Read more

Man arrested after allegedly stealing SUV from elementary school parking lot

A Homer man who had allegedly been living in a stolen SUV for three weeks was arrested in Soldotna for vehicle theft on Tuesday.... Read more

Centuries-old Alutiiq translation guide found in Kodiak

KODIAK (AP) — A centuries-old primer for Russian to Alutiiq was found during a routine check of a Kodiak museum’s artifacts.

Read more