Interior cancels Cook Inlet lease sale

Posted: Friday, March 04, 2011

The U.S. Department of the Interior canceled a scheduled lease sale that would have opened up more plots in the Cook Inlet for oil development.

According to a March 2 announcement in the Federal Register, sale 219 was part of the sales scheduled for 2007-2012.

In its announcement, the department said the sale was canceled because there was insufficient interest to start the environmental review process.

The department will use the extra time before another sale to "further develop and implement measures to improve the safety of oil and gas development in Federal waters," according to the announcement.

The Cook Inlet sale was one of four Alaska sales cancelled by the interior department.

-- Clarion staff report



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