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Alaska DNR O&G Preliminary Results Cook Inlet Lease Sale

Sale Results Summary Cook Inlet Areawide 2011 Part A and B
Competitive Oil and Gas Lease Sales
June 22, 2011


Date of Sale:  6/22/2011

Bidding Method:  Cash Bonus Bid, Fixed Royalty

Preliminary Report: 6/23/2011


Total Tracts Sold:  109
Total Acres Sold:  575,202.00
Total Number of Valid Bids: 112
Total High Bonus Bids: $11,125,063.80
Total Exposed (Sum Of All Valid Bids): $11,292,974.20
Average High Bonus Bid Per Acre: $19.34

Highest Bid:  $605,7479.20
Tract Number:  157
Submitted By:  John Martineck

Highest Bid/Acre: $105.17
Tract Number:  157
Submitted By:  John Martineck

Min Bid Per Acre: $10.00
$50.00

Royalty %:   12.50000%
12.50000%


Bidder Company or Group Name Tracts Bid Total of All Bids Tracts Won Total of High Bids Apache Alaska Corporation 100.00000% 94 $ 9,105,210.00 92 $ 8,999,610.00 Marathon Alaska Production LLC 100.00000% 1 $ 65,606.40 1 $ 65,606.40 Monte J. Allen 100.00000% 3 $ 174,873.60 3 $ 174,873.60 John M Martineck 100.00000% 2 $ 673,305.60 2 $ 673,305.60 NordAq Energy Inc 100.00000% 1 $ 127,296.00 1 $ 127,296.00 James A White 100.00000% 1 $ 62,310.40 0 0 Paul L Craig 100.00000% 1 $ 183,577.36 1 $ 183,577.60 Daniel R Gilbertson 12.50000% 5 $ 152,275.20 5 $ 152,275.20 Nick Stepovich 12.50000% V Paul Gavora 12.50000% Alaska LLC 62.50000% James F McCurdy 100.00000% 1 $ 385.00 1 $ 385.00 Aurora Exploration, LLC 100.00000% 2 $ 465,894.40 2 $ 465,894.40 Cook Inlet energy, LLC 100.00000% 1 $ 282,240.00 1 $ 282,240.00
Link to MAP

This report only reflects valid bids that are subject to further adjudication.

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