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32px);padding:1.25em 16px 1.25em;position:relative}.amp-wp-footer h2{font-size:1em;line-height:1.375em;margin:0 0 .5em}.amp-wp-footer p{color:#696969;font-size:.8em;line-height:1.5em;margin:0 85px 0 0}.amp-wp-footer a{text-decoration:none}.back-to-top{bottom:1.275em;font-size:.8em;font-weight:600;line-height:2em;position:absolute;right:16px}.amp-wp-9f55261:not(#_#_#_#_#_){background-color:#0866ff}.amp-wp-0288613:not(#_#_#_#_#_){background-color:#1a1a1a}.amp-wp-1b3bec2:not(#_#_#_#_#_){background-color:#007bb5}.amp-wp-ce7eb4c:not(#_#_#_#_#_){background-color:#888990} /*# sourceURL=amp-custom.css */Oil and Gas Division Considers 134 North Slope Bids Positive - Radio Kenai

Oil and Gas Division Considers 134 North Slope Bids Positive

KSRM News Desk

10 years ago

The Alaska Division of Oil and Gas considers the amount of interest in today’s oil and gas lease sales in Anchorage a good sign for future North Slope exploration.

A total of 134 bids were received from companies and investors interested in obtaining leases during the event selling parcels in the North Slope, North Slope Foothills and Beaufort Sea.

Winning bonus bids totaled nearly $9,511,000.00

According to preliminary sale results bids from Accumulate Energy Alaska, Inc. and Burgundy Xploration, LLC, bidding together, 70 & 148, LLC, and ConocoPhillips Alaska, Inc. on 131 tracts encompassing 186,400 acres in the North Slope sale area.

The division did not receive bids for the North Slope Foothills or Beaufort Sea sale areas.

Corri Feige, director of the Division of Oil and Gas said in a release: “Today’s lease sale results show continued interest in exploring the North Slope’s shale oil resources, and they indicate that industry realizes the vast energy potential held in this region, these results are very encouraging in light of the current low oil prices.”

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