HOME | Industry | Government | State Receives Three Bids in Cook Inlet Oil & Gas Sale

State Receives Three Bids in Cook Inlet Oil & Gas Sale

May 23, 2019 | Government, Monitor, Oil & Gas

©Ken Graham Photography.com

ANCHORAGE—The Division of Oil and Gas received three bids encompassing 10,286 acres and totaling approximately $190,350 in bonus bids from Hilcorp Alaska, LLC according to preliminary results from the 2019 Cook Inlet Areawide oil and gas lease sale.
The preliminary sale results will be posted at www.dog.dnr.alaska.gov. The Division did not receive bids in the 2019 Alaska Peninsula Areawide lease sale.

“We are pleased to see bid activity in the Cook Inlet lease sale. We recognize the focus of bidders has been on the North Slope in recent years. Nevertheless, significant investment is made to sustain current Cook Inlet production, while exploration activities continue to inform and support future development,” said Sara Longan, Deputy Commissioner of the Department of Natural Resources.

Following bid adjudication, leases will be awarded to successful bidders to explore and potentially develop the leases during an eight-year lease term.

Current Issue

February 2020

February 2020

Industry Sponsor

Become an Industry Sponsor

Alaska Business Magazine February 2020 cover

In This Issue

The Art of Architecture

February 2020

Architects often find themselves facing something of a chicken and egg dilemma. When it comes to design, what takes precedence—form or function?

“It’s a great question, and it’s probably a loaded question,” says David McVeigh, president of RIM Architects. “You can ask ten different architects and get ten different answers.”

Many of the factors that influence those answers land outside the architect’s control. The client’s vision for the building, its location and intended use, the project budget, and whether the design must conform to specific guidelines are all details the architect must consider when determining how much emphasis to place on aesthetics and how much on function.

Share This